Blackrock to cut 3% of workforce, aims for larger man force by end of 2024

Financial giant BlackRock announced plans to lay off about 3% of its current workforce, citing a need to streamline operations and adapt to changing market conditions, as reported by Reuters. Despite the layoffs, BlackRock remains optimistic about its future growth prospects. The company expects to have a larger workforce by the end of 2024, driven by hiring in key areas such as technology and alternative investments.

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