BlackRock Sheds Another 200 Jobs, Adopting Regular Cycle of Cuts

Larry Fink is embracing a quieter, continual cycle of rightsizing, as the world’s largest asset manager embarks on its latest round of job cuts.

BlackRock Inc. is eliminating just under 1% of its workforce, amounting to about 200 employees, according to people with knowledge of the matter. That’s after the firm trimmed headcount three times over the past 18 months.

While the cuts are measured, the regularity is helping redefine the culture at the investment firm that has grown with major acquisitions in recent years.

The latest round spans roles as diverse as investment, operations and technology, said the people, ...