MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 11, 2008 Fink: BlackRock 'Downsized' 500 BlackRock has let 500 employees go. Reuters' Muralikumar Anantharaman reports that, at the Goldman Sachs Financial Services Conference in New York on Thursday, BlackRock chairman and CEO Larry Fink revealed that the asset manager has eliminated about 500 jobs, many part-time positions. The cuts at BlackRock may be not a surprise to fundsters. Last month reports surfaced of BlackRock layoffs of unspecified size (see MFWire, November 18, 2008), and specific cuts in investment team and Taiwanese operations later came to light (see MFWire, November 25, 2008 and MFWire, November 28, 2008). Printed from: MFWire.com/story.asp?s=20131 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |