Finance
BlackRock to cut around 250 jobs in latest layoffs
Published by Global Banking & Finance Review®
Posted on January 13, 2026
1 min readLast updated: January 19, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 13, 2026
1 min readLast updated: January 19, 2026
BlackRock plans to cut 250 jobs to improve efficiency, focusing on private markets under CEO Larry Fink's leadership.
LONDON, Jan 13 (Reuters) - BlackRock, the world's largest asset manager, will cut hundreds of jobs as part of a regular round of layoffs to improve efficiency, a spokesperson for the company told Reuters.
Around 1% of its global workforce, or about 250 employees, will lose their jobs, the spokesperson said, confirming an earlier report by Bloomberg News.
Under the leadership of CEO and co-founder Larry Fink, BlackRock has sharpened its focus on private markets through major acquisitions, including of private credit provider HPS and infrastructure investor Global Infrastructure Partners.
“Improving BlackRock is a constant priority,” the spokesperson said in a statement. “Each year, we make decisions to ensure that our resources are aligned with our objectives and that we are well positioned to serve clients today and in the future.”
(Reporting by Iain Withers; editing by Barbara Lewis)
Asset management is the process of managing investments on behalf of clients, including individuals and institutions, to grow their wealth over time.
Corporate strategy refers to the overall plan and direction a company takes to achieve its goals, including resource allocation and competitive positioning.
Layoffs are the termination of employees from their jobs, usually due to business restructuring, cost-cutting measures, or economic downturns.
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