EmploymentSpectator

BlackRock Eliminating Nearly 100 Jobs in San Francisco

BlackRock, scheduled to complete its takeover of Barclay’s investment unit today, has said it will eliminate 89 jobs in San Francisco. This represents 1% of the combined workforce of 9000 employees. According to a report filed with the California Employment Development Department the cuts will be made by January 8. No word [...]

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BlackRock Cuts 500 Jobs as Q4 Earnings Plunge 84%

BlackRock, the largest publicly-traded US asset manager, said Q4 earnings fell 84% as the firm cut 500 jobs and marked down the value of hedge-fund investments. Net income declined to $53 million, or 40 cents a share, from $322.4 million, or $2.43, a year earlier, the New York- based company said. In November, the company said it [...]

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