Wall Street is experiencing another wave of personnel adjustments. This time, the giant in asset management—BlackRock, the world's largest asset management company—announced a new round of layoffs.

According to informed sources, the layoffs will account for about 1% of BlackRock's global workforce, involving approximately 250 employees. In terms of affected departments, both the investment and sales teams are undergoing personnel adjustments. BlackRock's official response stated that this is part of the company's ongoing operational optimization efforts. A spokesperson emphasized, "We reallocate resources annually based on business development goals to ensure we can provide the highest quality service to our clients."

This move is closely related to BlackRock's current strategic shift. CEO Larry Fink is pushing the company to expand into alternative investments. In July last year, BlackRock acquired private credit firm HPS Investment Partners for $12 billion, and has since been integrating the new management team while also preparing a new fund product line aimed at high-net-worth retail investors. All of these require resource reallocation.

It is worth noting that this is not BlackRock's first round of layoffs this year. According to previous reports, BlackRock has already implemented two rounds of layoffs in 2025, each involving roughly 1% of the total staff.

BlackRock is not an isolated case. The entire financial industry is adjusting personnel to cut costs. This week, Citigroup announced plans to lay off about 1,000 people; UBS will also initiate a new round of layoffs this month and aims to complete the integration after its acquisition of Credit Suisse by the end of the year. It can be said that operational optimization in financial institutions has become a major trend at present.