JANUARY 7, 2024 — 3% OF GLOBAL WORKFORCE
BlackRock plans to announce layoffs in the coming days of about 3 percent of its global workforce, or about 600 employees.
JUNE 24, 2023 — 1% of GLOBAL WORKFORCE
BlackRock announced additional layoffs that would impact less than 1% of its workforce as a result of budget reallocations to support critical priorities.
Approximately 150 to 190 employees will be impacted.
According to Chief Operating Officer Rob Goldstein and Global Head of Human Resources Caroline Heller, “the decision followed a recent business review. Even with these changes, our headcount will be higher at the end of the year compared to the start of the year as we continue to invest in our talent and our business.”
JANUARY 25, 2023 — Original post
New York City, New York-based BlackRock, the world's largest asset manager, has announced that it will be initiating a major cost-cutting initiative affecting 2.5% of its global workforce.
The reduction in force will impact 500 employees.
According to a statement by CEO Larry Fink and President Rob Kapito, “The uncertainty around us makes it more important than ever that we stay ahead of changes in the market and focus on delivering for our clients. Our breadth and resilience enable us to play offense when others are pulling back.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?