BlackRock Plans to Cut About 400 Jobs in Coming Weeks

  • Reductions may be biggest in the money manager's history
  • BlackRock said to continue hiring, investing in growth areas

BlackRock Said to Plan Cutting About 400 Jobs

BlackRock Inc. plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the world’s largest money manager, according to people with knowledge of the matter.

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