World's largest asset manager BlackRock to lay off 600 employees

The world's largest asset manager BlackRock has said it will cut about 3% of its current workforce, though it expects to have a larger headcount by the end of 2024. The job cuts would affect roughly 600 positions based on BlackRock's workforce of 19,800 at the end of December 2022. No single team will be the focus of the cuts.