BlackRock cuts another 200 jobs globally

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BlackRock cut another around 200 jobs.

This is just under 1% of their total workforce.

Cuts happen in investment, operations, tech and private credit teams.

CEO Larry Fink now make this kind of small cuts regular thing, not big one-time layoffs.

This is fourth round in last 18 months.

Company says it is to keep resources align with business goals.

BlackRock is world’s biggest asset manager.

Crypto Briefing on the cuts: https://cryptobriefing.com/blackrock-cuts-200-roles-globally/

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