BlackRock layoffs, on the record
Every job cut, severance charge and restructuring BlackRock reported in its annual reports, 2024 to 2025, quoted from the filings. Headcount went from approximately 21,100 to approximately 24,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 21,100 | December 31, 2024 |
| 10-K for 2025 | approximately 24,900 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded a restructuring charge to reorganize specific platforms, primarily Aladdin and private markets, comprised of severance and accelerated vesting of deferred compensation.
Word for word“In the fourth quarter of 2023, a restructuring charge of $ 61 million ($ 46 million after-tax), comprised of $ 47 million of severance and $ 14 million of compensation expense for accelerated vesting of previously granted deferred compensation awards, was recorded in connection with initiatives to reorganize specific platforms, primarily Aladdin and private markets.” 10-K for 2024
Our summaryBlackRock recorded a restructuring charge in the second quarter of 2025 for severance and accelerated vesting of deferred compensation, tied to an initiative to align its organization with strategic priorities.
Word for word“A restructuring charge of $ 39 million ($ 29 million after-tax), comprised of $ 27 million of severance and $ 12 million of compensation expense for accelerated vesting of previously granted deferred compensation awards, was recorded in the second quarter of 2025 in connection with an initiative to modify the Company's organization to fit more closely with strategic priorities.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2022-12-31 | $91 million | — |
| 2023-12-31 | $61 million | $58 million |
| 2024-12-31 | $0 | $47 million |
| 2025-12-31 | $39 million | $27 million |
BlackRock has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from BlackRock’s annual reports (10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.