News / Stock

BlackRock tries to get up after a black year. Alphie is optimistic

Jan 11, 2019 - 14:20 UTC

BlackRock announces a cut to the staff. 500 jobs will be cut by the largest investment company in the world. 3% of over 14,000 employees will be sent home. It is since 2016 that the company did not make such a big reduction in the workforce. But they are not the only changes: the CEO, Larry Fink, promoted Mark Wiedman from head of the exchange trading business to a new global strategic role. Moreover, the company wants to expand and is already hiring in Atlanta and Paris in order to conduct new management activities. This change of course of the…

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