BlackRock Plans Layoffs, Sheds 3% of Global Workforce
BlackRock, the world’s largest money management firm, is set to announce layoffs in the coming days. Approximately 600 employees, or 3% of the company’s global workforce, will be affected by the job cuts. Although the news has yet to be officially reported, it is being described internally as routine. Last year, BlackRock implemented a similar round of layoffs based on employee performance metrics. The company is scheduled to announce its fourth-quarter earnings later this week.
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