BlackRock announces cuts of roughly 600 jobs—3% of its work force

BlackRock announces cuts of roughly 600 jobs—3% of its work force

A man walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz

BlackRock, the world’s largest asset manager, on Tuesday said it will cut about 3% of its current workforce, though it expects to have a larger headcount by the end of 2024.