BlackRock Announces Workforce Reduction Amid Strategic Realignment

According to BlockBeats, on January 9, BlackRock (BLK.N) informed its employees of a plan to reduce its workforce by approximately 1%. This decision follows the company's expansion in the private market assets and data sectors, marked by acquisitions exceeding $25 billion last year. In a memo addressed to employees, BlackRock President Rob Kapito and Chief Operating Officer Rob Goldstein outlined the intention to realign resources with the company's strategic goals through measures including layoffs. With a workforce of over 21,000 employees, the reduction will impact around 200 individuals.