Subscribe

BlackRock plans to eliminate 500 positions in round of job cuts

blackrock job cuts

The firm will dismiss about 2.5% of its global workforce after grappling with sharp declines last year in equity and bond markets.

BlackRock Inc. plans to dismiss about 500 employees, roughly 2.5% of its global workforce, after the world’s biggest asset manager grappled with sharp declines last year in equity and bond markets.

“The uncertainty around us makes it more important than ever that we stay ahead of changes in t

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

Tragedy at BofA as 25-year-old trader dies at industry event

The sudden fatality is the second young employee death at the banking giant in recent weeks, raising questions around culture of long, demanding hours.

BlackRock’s fixed-income CIO says rate cuts, not hikes, key to taming inflation

Federal Reserve’s hawkish policy on interest rates could be fueling the fire as well-heeled investors reap the benefits.

Nippon’s $3.8B stake in Corebridge could be just the start

Japanese life insurer says it wants more US asset manager, insurer.

Going for gold? Silver is shining brighter

Investors are considering the '2nd place' metal as a good bet.

Jefferies risk manager remembers red flags in Archegos trial

Failed Archegos CEO is on trial for alleged racketeering , fraud.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print