BlackRock: 250 jobs cut

Cut ~250 jobs (1% of 24,600 workforce), third round in 12 months. Cuts in investment and sales teams amid increasing automation. The AI attribution is indirect; the company is investing in AI but did not explicitly link these specific cuts to automation. Of the 250 total positions affected, our methodology estimates that approximately 38 roles (15%) are attributable to AI-driven changes. This is part of a broader pattern in Asset Management where companies are restructuring operations around AI capabilities while reducing headcount in functions susceptible to automation.