BlackRock to cut 500 jobs - report
3% of workforce
Larry Fink of BlackRock
BlackRock is set to cut 500 jobs, or 3% of its workforce, over the next few weeks, according to a memo seen by Reuters.
The cuts will not take place in any specific geographical area or unit and the firm's total staff will still be 4% higher than a year ago following the layoffs. In the memo, BlackRock president Robert...
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