Location: New York, NY, USA.
Based on news reporting.
BlackRock, Inc. has announced layoffs affecting approximately 500 employees as part of its restructuring efforts in response to changing market conditions. The layoffs are set to take effect on October 1, 2023, as the company aims to streamline operations and reduce costs. This decision comes amid broader challenges in the financial sector, prompting BlackRock to reassess its workforce and operational strategies. The affected employees are primarily based in New York, where the company is headquartered. BlackRock's management has indicated that these layoffs are necessary to maintain competitiveness and adapt to evolving market demands.
BlackRock, Inc. cut 500 jobs as of October 1, 2023.
That is roughly 2.5% of the 20,400 people BlackRock, Inc. employs.
LayoffTalk has tracked 13 layoff events at BlackRock, Inc. since October 2023, affecting a combined 2,050 employees.
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