http://www.marketwatch.com/story/blackrock-to-cut-400-jobs-in-coming-weeks-report-2016-03-30?link=MW_latest_news
BlackRock Inc. intends to reduce its workforce over the coming weeks,
according to Bloomberg News Wednesday, citing unnamed sources. Bloomberg
said 400 jobs are expected to be eliminated, which would be the largest round of layoffs in BlackRock's
BLK, +0.48%
history. The cuts will be
broad-based with an aim at streamlining operations, but hiring will
continue as the money manager expects total headcount to be higher by
the end of the year. BlackRock representatives were not immediately
available to comment on the report.
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