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On January 10th, BlackRock, one of the world's largest asset management groups, announced on Tuesday that it will lay off approximately 3% of its workforce. According to the total number of employees of the company as of the end of December 2022, layoffs will reach approximately 600 people. The company emphasizes that with the expansion of certain businesses, it is expected that the total number of employees will increase by the end of this year. BlackRock is expected to release its fourth quarter results on Friday.
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