BlackRock Inc has announced plans to reduce its workforce by approximately 1% as part of a strategic realignment, Bloomberg reported on Wednesday. This decision comes after the company spent more than $25 billion on acquisitions last year to broaden... — read more
BlackRock Layoffs 2025
Is there going to be any reorg or BlackRock layoffs? Any chatter, news or rumors?
BlackRock plans layoffs amid ESG pullback and spot ETF approval
BlackRock, the world’s largest money management firm, is reportedly planning to announce layoffs of about 3% of its global workforce, totaling around 600 employees. This decision comes as BlackRock anticipates approval from the U.S. Securities and... — read more
Were you laid off? Please learn about the WARN Act
The WARN Act requires an employer to notify employees, in writing, 60 days before a layoff, and pay the employee for those 60 days, in addition to any severance the employee may be entitled to. Unfortunately, some employers attempt to circumvent the... — read more
Have the layoffs started?
The news about it in the media surprised me quite a bit! I left a few months ago, however, I feel bad for everyone who will be affected by the layoffs. But if it means anything to anyone, grass is green on the outside! Good luck everyone!
When is yearly bonus distributed? Feb of March?
I am thinking about leaving the firm need to plan wisely and wait afer the bonus time
401K Benchmarking Exercise - Assistance Requested
I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more
Investors get a stronger voice?
"BlackRock will allow retail investors to vote on proxy battles for the first time as it fends off criticism that its stance on environmental, social and governance issues is at odds with some of its shareholders."... — read more
What could possibly go wrong?
"BlackRock's clients have significant exposure in pension vehicles at the center of the drama." https://www.reuters.com/business/finance/blackrock-reports-fall-third-quarter-profit-2022-10-13/
South Carolina to divest $200 million from BlackRock over 'leftist world view'
"South Carolina will be divesting all of its BlackRock holdings by the end of the year, the latest instance of backlash from Republican state officials over the investment firm's stance on fossil... — read more
Here we go
https://www.msn.com/en-us/money/savingandinvesting/big-short-investor-michael-burry-warned-the-biggest-market-bubble-in-history-would-end-with-the-mother-of-all-crashes-he-just-hinted-the-collapse-is-now-underway/ar-AA11lIaH
BlackRock Layoffs 2022
How likely is that there will be BlackRock layoffs? Any chatter, news or rumors?
How many people work at BlackRock?
Info request - what's the total headcount at the co? How many people are employed at NYC?
BlackRock Layoffs 2020
Do you think there will be BlackRock Layoffs 2020? Any news or rumors?
Budapest is gone
I work in Budapest. Every smart person is leaving, all the foreigners and many locals. I feel they will soon close the office or at least close a lot of groups. These jobs should be done in GGN not Europe!!!
BR losing 500 jobs, or 3% of the total headcount...
500 jobs, or 3 percent - that's massive and will be felt in many groups. I guess it could have been worse, as we've seen with some competitors.
Does BlackRock have any morals?
Just wondering. Does a company like BlackRock have any morals? I see that they own millions of shares of predatory for-profit colleges. But my guess is that they are doing far worse with that much money and power (and so little transparency).
Pack your boxes and get ready
Pack your boxes and get ready! But don't worry, your Asian replacements are on their way - "and will put more emphasis on hiring in the emerging markets, especially Asia. "... — read more
Layoff Update (April 2017)
Here you go - the number is not specified though: https://www.bloomberg.com/news/articles/2017-03-28/blackrock-said-to-cut-jobs-fees-in-revamp-of-active-equity-unit
3 percent global cut
So much for growth
NYC Layoffs in 2012
We axed about 500 people in 2012. I was part of that cut. I think it was maybe 5% of the total global workforce, and if I remember correctly, most of the cuts where here in New York City. I liked working at BlackRock and I liked my peeps, managing up... — read more