Larry Fink (pictured), CEO and chair of BlackRock Credit: ShutterStock
BlackRock is set to axe 1% of its global workforce, amounting to around 250 members of staff.
Investment and sales teams will be among those impacted by the layoffs, Investment Week understands.
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The move follows two rounds of redundancies carried out in 2025, each involving 1% of then total employees, which amounted to around 500 personnel being impacted, according to reports by Bloomberg.
A spokesperson for BlackRock said improving the asset management giant "is a constant priority".
"Each year, we make decisions to ensure that our resources are aligned with our objectives and that we are well positioned to serve clients today and in the future," they added.
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At the time of reporting, BlackRock shares are up 0.4%, according to data from MarketWatch.
Over the past year, its share price increased by more than 14%.
In its most recent results for Q3 2025, the asset manager reported net inflows of $205bn, with a 25% rise in revenue year-on-year and a 17% increase in assets under management to $13.46trn from Q3 2024.
