BlackRock slashing 600 jobs as Larry Fink's firm latest Wall Street firm to cut costs

BlackRock, the world’s largest asset manager, said Tuesday it will cut about 3% of its workforce, though it expects to have a larger headcount by the end of 2024.The job cuts would amount to roughly 600 positions based on BlackRock’s workforce of 19,800 at the end of December 2022, the last time its employee numbers were updated. No single team will be the focus of the cuts, according to a source at the firm.Shares of the asset manager are up about 5% over the last 12 months, well behind the roughly 22% ga ...