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BLK
Barrons
16 days

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.

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FAQ

Why Neutral?

While layoffs signal operational adjustments, BLK remains financially strong with rising assets.

How important is it?

The article highlights BLK's workforce changes and overall growth, impacting investor perception.

Why Short Term?

Layoffs could have a temporary sentiment impact but do not change underlying business fundamentals.

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