BlackRock (BLK) Plans to Cut 600 Jobs, Reallocate Resources

In an effort to streamline operations and adapt to a rapidly changing operating environment, BlackRock, Inc. (BLK) is planning to eliminate 600 jobs. This accounts for nearly 3% of the company’s total global workforce.Per a Reuters article, the job cuts are not focused on a single team.Despite this elimination, BlackRock remains positive about its future growth prospects. By the end of 2024, the company expects to employ more workforce, as it plans to expand certain parts of its business.In a memo to its st ...