BlackRock and State Street to Structurally Compress Workforce

Posted on 01/10/2019


Asset management giant BlackRock Inc. plans to trim around 500 employees, or roughly 3% of its workforce. These are broad job cuts across the firm. This is the largest workforce reduction since 2016 for the firm. The asset management industry has prospered for nearly a decade of market growth since the doldrums of 2008. In […]