BlackRock (BLK) plans to cut hundreds of jobs as part of a regular round of layoffs to improve efficiency, Reuters’ Iain Withers reports. About 250 employees, or around 1% of BlackRock’s global workforce, will be laid off, a spokesperson for the company confirms. “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.”
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