BlackRock opened 2026 by cutting about 250 jobs in January, roughly 1% of staff, which it framed as streamlining teams and sharpening operational focus. For the world's largest asset manager, it read as a small adjustment at the time.
On June 15, Bloomberg reported a second round: about 200 more roles worldwide, again just under 1% of the workforce. The cuts span investment, operations, technology, and the private-markets arm built around the $12 billion HPS acquisition.
The timing is what stands out. BlackRock's assets under management have climbed to a record $14 trillion, yet the company keeps trimming headcount round after round. It describes the latest cuts as “the ordinary discipline of a continuously evolving organization.” Counting the two rounds last year, that is roughly four rounds of cuts in 18 months.
The tracker lists the two 2026 waves as separate entries, 250 in January and 200 in June, dated to each announcement. Together they total 450 so far this year.