Topics regarding layoffs at BlackRock Inc.

Topics regarding layoffs at BlackRock Inc.

BlackRock to cut 1% of workforce

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?

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| 580 views | | no replies yet
Post ID: @OP+1vo3acGf

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 

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| 1660 views | | 1 reply (July 11, 2023)
Post ID: @OP+1kODmrjf

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!

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| 831 views | | no replies yet
Post ID: @OP+1kDcW37W

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 

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| 925 views | | 1 reply (January 23, 2024)
Post ID: @OP+1kdPMESN

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 

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| 741 views | | no replies yet
Post ID: @OP+1jwo0zXk

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/

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| 980 views | | 1 reply (October 15, 2022)
Post ID: @OP+1jdqlagJ

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

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| 660 views | | no replies yet
Post ID: @OP+1j2rCjEp

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!!!

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| 1743 views | | no replies yet
Post ID: @OP+YgFbl5s

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).

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| 2112 views | | no replies yet
Post ID: @OP+PycBC0T

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 

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Post ID: @OP+MUT8lxn

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

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| 2450 views | | 1 reply (March 30, 2017)
Post ID: @OP+MxvmXKf

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 

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| 3920 views | | 2 replies (last October 16, 2015)
Post ID: @OP+CXihrxZ

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