ESG - BlackRock To Trim Staff By 3% Adjust Its ESG Investment Tactics: Report | Benzinga
BlackRock Inc (NYSE: BLK), the world's largest money management firm, is set to reduce its global workforce by approximately 3 percent.
This decision translates to around 600 employees facing layoffs. The move is part of the company's ongoing adjustments as it navigates through a phase of maturity and changing market dynamics.
Fox Business reported that these impending job cuts, which have not been publicly disclosed until now, are supposedly part of BlackRock's routine internal processes. A similar strategy was employed last year, focusing on employee performance metrics, highlighting the firm's strategic shifts and its impact on the ...