BlackRock Inc. is cutting about 500 jobs as part of an effort streamline parts of its business.
The New York-based money manager (NYSE: BLK), touted as the biggest with $6.4 trillion in assets under management, began laying off staffers Thursday, according to The Wall Street Journal. The cuts make up roughly 3 percent of BlackRock’s more than 14,000 workforce and affect positions across the entire company.
Still, the firm’s head count will still be 4 percent higher than a year ago following…
