BlackRock, one of the world’s largest asset management firms, is reportedly planning to reduce its global workforce by approximately 1%, which equates to around 250 positions. This decision comes as part of the company’s routine review process aimed at improving operational efficiency.
According to sources cited by Reuters, the announcement follows an initial report by Bloomberg News. A spokesperson from BlackRock emphasized that the firm is continuously focused on enhancing its operations, stating, “Improving BlackRock is a constant priority. 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.”
While BlackRock has not specified when the job cuts will take effect or provided detailed reasons for the decision, reports from the New York Post suggest that the process is still in the works. When asked for a comment, BlackRock declined to provide any further information.
In recent times, BlackRock has been expanding its presence in alternative investment markets. Under the leadership of CEO Larry Fink, the firm completed a $12 billion deal to acquire HPS Investment Partners in July, adding private credit and infrastructure investment capabilities to its portfolio. The integration of new leadership from these acquisitions and the preparation of new funds for clients are ongoing processes.
Looking ahead to 2026, BlackRock has outlined investment themes focused on artificial intelligence, income generation, and greater diversification. The company already offers a technology-focused exchange-traded fund dedicated to AI companies.
Financial results from the third quarter of 2025 show BlackRock’s assets under management growing to $13.46 trillion, a 17% increase from the previous year. Adjusted net income for the period also saw a rise to $1.9 billion from $1.7 billion reported in the corresponding quarter of the previous year.
“BlackRock to trim around 1% of global headcount – report” was originally reported by Private Banker International, a brand owned by GlobalData.
Overall, BlackRock’s decision to reduce its workforce reflects its commitment to operational efficiency and strategic alignment with its business objectives in the ever-evolving financial landscape.
