Thread regarding BlackRock Inc. layoffs

BlackRock plans layoffs amid ESG pullback and spot ETF approval

BlackRock, the world’s largest money management firm, is reportedly planning to announce layoffs of about 3% of its global workforce, totaling around 600 employees. This decision comes as BlackRock anticipates approval from the U.S. Securities and Exchange Commission (SEC) for its spot Bitcoin exchange-traded fund (ETF).

https://crypto.news/blackrock-plans-layoffs-spot-bitcoin-etf-approval/

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| 498 views | | 1 reply (February 15)
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“BlackRock said last January it would dismiss about 2.5%, or 500 employees, and announced further cuts in June, amounting to less than 1% of staff.

BY SILLA BRUSH AND BLOOMBERG
January 09, 2024 2:57 PM EST“

So the rumors were true.

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