Updated 1 year ago
By Brad Kallet, Editor at LinkedIn NewsUpdated 1 year ago
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Black Rock Health Club|Country Club Fitness Center HinghamHow Interviewers Know When to Hire You in 90 SecondsDoes BlackRock hire felons?4 tips to make the right hiring decisionBlackRock is cutting up to 500 staffers, or a little under 3% of its workforce worldwide. The asset management firm's revenue fell 15% year over year in the first nine months of 2022, Insider reports, as dealmaking slowed and the market took a dive. Assets under management also fell by $1.5 trillion during that period. CEO Larry Fink wrote in a memo the move aims to "adapt our workforce to align even more closely with our strategic priorities." The layoffs are similar in scope to the company's last round of cuts in 2019.
- Goldman Sachs began its latest round of layoffs on Wednesday. About 3,200 employees will be impacted this week.
