BlackRock has told staff that it will trim about 3% of its global workforce — some 600 jobs — as the world's largest asset manager looks to reallocate resources to areas of the business offering the most growth potential.
In a memo sent by chief executive Larry Fink and president Rob Kaptio on 9 January, staff were told that BlackRock needed to be “agile and efficient in how we serve our clients and how we manage our resources” .
