BlackRock is cutting 200 jobs, or under 1% of its workforce, in its latest round of rightsizing under Larry Fink, according to Bloomberg. The move marks the fourth round of workforce reductions in the past 18 months as the world’s largest asset manager adopts a more continuous approach to headcount management.
The layoffs affected a broad range of functions, including investment, operations, technology, and the firm’s private credit platform strengthened by BlackRock’s $12 billion acquisition of HPS Investment Partners in 2025.
According to the company, the cuts are part of its ongoing review of staffing needs across all business lines. A spokesperson said BlackRock continuously evaluates its workforce as the organization evolves and adapts to client demands.
After pausing layoffs during the pandemic period, BlackRock resumed workforce reductions in 2023. The asset manager, which oversees about $14 trillion in assets, conducted two rounds of cuts last year, each impacting roughly 1% of employees.