Overview
- The asset manager will eliminate about 250 roles across teams, equal to roughly 1% of global headcount, with investment and sales positions among those affected.
- A company spokesperson said the firm regularly adjusts staffing to align resources with objectives and to position it to better serve clients.
- The move aligns with CEO Larry Fink’s strategy to expand in alternative investments and follows integration work after the $12 billion HPS Investment Partners acquisition closed in July 2025.
- BlackRock executed two separate 1% headcount reductions in 2025 as part of ongoing workforce adjustments.
- Industry peers are also tightening staffing, with Citigroup set to cut around 1,000 jobs this week and Bloomberg reporting Meta plans to reduce about 10% of staff in its Reality Labs unit.