Job Cuts at Microsoft, BlackRock, and Ally Come as Unemployment Rate Falls - Barron's

1. BlackRock announced layoffs, reducing 1% of its 21,000 workforce. 2. Despite layoffs, BLK's assets under management rose to $11.5 trillion. 3. Strong stock market performance benefits BlackRock's asset management business. 4. ETFs experienced significant inflows of $248 billion for the first nine months of 2024. 5. Layoffs are part of a broader trend among companies, including Microsoft.