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Stock impact report

BlackRock Cuts Hundreds of Jobs, Trimming About 1% of Staff [Yahoo! Finance Canada]

BlackRock, Inc. (BLK) 
Last blackrock, inc. earnings: 4/16 06:02 am Check Earnings Report
US:NYSE Investor Relations: ir.blackrock.com
(Bloomberg) -- BlackRock Inc. is cutting hundreds of jobs across the company, becoming the latest Wall Street firm to rein in headcount in recent weeks. The cuts total about 1% of BlackRock's global headcount, according to people familiar with the matter, who asked not to be identified discussing private information. The reductions amount to about 250 employees firmwide and include members of its investment and sales teams, the people said. Most Read from Bloomberg “Improving BlackRock is a constant priority,” a company spokesperson said. “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.” The cuts come as Chief Executive Officer Larry Fink works to re-wire the world's largest asset manager and push deeper into alternative investments. Since closing its $12 billion acquisition of private credit specialist HPS Investment Partners in July, BlackRock has been integra Show less Read more
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