Industry News, Trustworthy Insights

Popular Companies:

BlackRock Exclusive: 3% of Workforce to be Cut

The world’s largest asset manager, BlackRock, is planning to cut approximately 3% of its workforce, equating to around 600 employees, in response to the rapid pace of technological change in the financial industry.

BlackRock New York Office. PHOTO: Jeenah Moon/Bloomberg
BlackRock New York Office Headquarters. PHOTO: Jeenah Moon/Bloomberg

BlackRock is seeking to adapt to these changes and reallocate resources across the firm. In an internal memo, CEO Larry Fink and President Rob Kapito wrote, “We see our industry changing faster than at any time since the founding of BlackRock.

As we prepare for 2024 and this very exciting but distinctly different landscape,

More from Krugman Insights

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]