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BLK Blackrock CDR

27.15
-0.74 (-2.65%)
18 Dec 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Blackrock CDR NEO:BLK NEO Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.74 -2.65% 27.15 27.00 27.21 28.10 27.04 27.97 11,944 21:55:00

BlackRock to Cut 3% of Global Workforce, Bloomberg Says

09/01/2024 7:54pm

Dow Jones News


Blackrock CDR (NEO:BLK)
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From Dec 2023 to Dec 2024

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--BlackRock will cut 600 employees, or about 3% of its global workforce, Bloomberg reported, citing a memo from Chief Executive Larry Fink.

--The asset-management giant expects to have a larger staff by the end of the year, even with the cuts, as it expands certain parts of its business, the report said.

--"We see our industry changing faster than at any time since the founding of BlackRock," said Fink in the memo, according to Bloomberg.

 

Full article at https://www.bloomberg.com/news/articles/2024-01-09/blackrock-cuts-3-of-workforce-citing-dramatic-industry-shifts?srnd=premium

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

January 09, 2024 14:39 ET (19:39 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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