"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
How likely is that there will be BlackRock layoffs? Any chatter, news or rumors?
Do you think there will be BlackRock Layoffs 2020? Any news or rumors?
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.
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
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
Info request - what's the total headcount at the co? How many people are employed at NYC?
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
So much for growth
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
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).
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!!!