BlackRock reportedly lays off 250 people, affecting investment and sales teams, while Citigroup and UBS also cut positions
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The world's largest asset management company BlackRock has laid off about 250 people, involving investment and sales teams, accounting for 1% of its global workforce. Citigroup and UBS also plan to cut jobs, with Citigroup reducing approximately 1,000 positions, and UBS conducting multiple rounds of layoffs to facilitate system integration after its merger. BlackRock stated that enhancing operational efficiency is a core mission and is undergoing a company transformation, focusing on deepening its alternative investment layout
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