Location: New York, NY, USA.
Based on news reporting.
BlackRock, Inc. has announced significant layoffs, cutting approximately 300 jobs, which represents about 1% of its global workforce. This decision comes as part of the company's efforts to streamline operations and adapt to changing market conditions. The layoffs are part of a broader trend in the financial services industry, where firms are reassessing their workforce in response to economic pressures. While the specific locations and departments affected were not disclosed, the move underscores BlackRock's commitment to maintaining operational efficiency amidst a challenging economic landscape.
BlackRock, Inc. cut 300 jobs as of October 1, 2023.
That is roughly 1.5% 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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