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!!! — read more
Topics regarding layoffs at BlackRock Inc.
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. — read more
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 — read more
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