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BlackRock plans to lay off 600 employees, Fox Business reports

BlackRock plans to announce layoffs in the coming days of about 3% of its global workforce, Fox Business’ Charlie Gasparino reports. The job cuts of around 600 employees, which have yet to be reported, are being described internally as routine, according to a source familiar. Last year, BlackRock did a similar round of layoffs gauged on employee performance metrics, the source added.

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