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Story summary
- BlackRock plans to cut about 250 jobs, 1% of its workforce, as part of ongoing restructuring.
- The layoffs follow two rounds in 2025 and align with a broader trend of cost pressures across financial firms.
- Larry Fink, BlackRock CEO, is steering the firm toward alternative investments after acquiring HPS Investment Partners.
- The firm plans to launch products for affluent investors and says the changes are routine adjustments, not financial distress.
