BlackRock Inc. is cutting hundreds of jobs globally, about 1% of its workforce, as part of ongoing cost pressures. The reductions will affect multiple divisions, including investment and sales teams. CEO Larry Fink is reshaping the asset manager and expanding into alternative investments, following the acquisition of HPS Investment Partners. This is the third round of job cuts for BlackRock, with previous rounds in 2025 also trimming about 1% of staff. The company is also preparing to launch new products targeting wealthy retail investors.

Read more at Nasdaq: BlackRock Reportedly To Eliminate 250 Jobs, About 1% Of Workforce