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 

It's here now!

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!

I am thinking about leaving the firm need to plan wisely and wait afer the bonus time

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 

If the economy turns around, do you anticipate any BlackRock layoffs? Any chatter, news or rumors?

"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 

"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 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 

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

How likely is that there will be BlackRock layoffs? Any chatter, news or rumors?

Info request - what's the total headcount at the co? How many people are employed at NYC?

Do you think there will be BlackRock Layoffs 2020? Any news or rumors?

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!!!

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.

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! 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 

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

So much for growth

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