BlackRock Inc. (NYSE: BLK announced plans to eliminate approximately 600 jobs, constituting about 3% of its global workforce. This move, per Bloomberg, reflects the evolving asset management landscape and a realigning of its workforce with emerging trends. CEO Larry Fink and President Rob Kapito emphasized in a memo that the asset management industry is undergoing its fastest transformation since BlackRock’s inception in 1988. “We see our industry changing faster than at any time since the founding of BlackRock,” they wrote in a joint statement. For example, BlackRock is experiencing a signifi…

Read More