BlackRock announces cuts of roughly 600 jobs

reuters.com

35 pointskamaraju5 comments

They announced and executed the same size of layoffs exactly 1 year ago as well. It gives their stock a good bump

"Shares of the company were down 0.5% in afternoon trading on Tuesday." --> If that was their goal, it seems like in this case it was not successful.

> Perf Quarter 23.60%

That's why they call it "Buy the Rumor, Sell the News"

> No single team will be the focus of the cuts, according to a source at the firm

So stackrank?

drawing straws