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BlackRock

40 jobs cut · 2017-03-30
Industry: Finance & Insurance Country: United States Roles: human portfolio managers Source type: News AI-attributed
Where AI is cited
“BlackRock is cutting jobs and replacing them with artificial intelligence that can pick stocks”
From the source

BlackRock isn’t the only Wall Street investor laying off human stock-pickers and replacing them with robots. The world’s biggest money manager on Tuesday announced that it would cut more than 40 jobs, replacing some of its human portfolio managers with artificially intelligent, computerized stock-trading algorithms.

View primary source (fortune.com) ↗

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Cite this entry AI Layoff Tracker, AskTheRecruiter.com. "BlackRock, 40 jobs (2017-03-30)." Retrieved Aug 1, 2026. Primary source: fortune.com.