The cuts total about 1% of BlackRock’s global headcount, according to people familiar with the matter, who asked not to be identified discussing private information. The reductions amount to about 250 employees firmwide and include members of its investment and sales teams, the people said.
“Improving BlackRock is a constant priority,” a company spokesperson said. “Each year, we make decisions to ensure that our resources are aligned with our objectives and that we are well positioned to ...