BlackRock Inc is cutting up to 500 jobs, Insider reported on Wednesday, citing a memo, as Wall Street continues to downsize in the face of high interest rates that have raised the risk of a recession.
The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegriis cutting up to 500 jobs, Insider reported on Wednesday, citing a memo, as Wall Street continues to downsize in the face of high interest rates that have raised the risk of a recession.
The world's largest asset manager had 19,900 employees as of Sept. 30, according to a filing with the U.S. Securities and Exchange Commission.
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