BlackRock to cut 500 jobs - report

3% of workforce

Tom Eckett
@TomEckettIW
10 January 2019

Tweet
Facebook
LinkedIn
Share on Whatsapp
Google plus
Send to

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...

To continue reading...

Register Now

Investment Week helps enlightened investment professionals to grow revenues and manage risk by reading the market more astutely via this industry leading title.

Investment Week offers:

REAL-TIME NEWS & ANALYSIS: find out what's happening in the market right now and why. Understand key asset classes and opportunities for new business
DISRUPTION: learn how technological developments and regulatory change will shape your decisions
OPINION: incisive, useful and provocative insights from experts

Late Cycle Asset Allocation Views

Industry Voice: Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.