BlackRock, the world's largest asset manager, is planning to lay off approximately 600 employees, which accounts for about 3% of its global workforce. The layoffs are expected to be mainly from the ESG division and are based on employee performance over the past year. This move comes as the firm matures, pulls back from ESG, and receives approval for its Bitcoin ETF application. The decision reflects a cost-cutting drive and a reallocation of resources to faster-growing areas within the company, including technology, exchange traded funds, and private investments.
⚠️ BLACKROCK ANNOUNCES CUTS OF ROUGHLY 600 JOBS (Reuters) BlackRock, the world's largest asset manager, on Tuesday said it will cut about 3% of its current workforce, though it expects to have a larger headcount by the end of 2024. The job cuts would amount to roughly 600… https://t.co/PwycADhoYj
BlackRock to lay off 600 employees in cuts that amount to 3% of workforce https://t.co/48d6pYsZx3 via @pensionsnews @cheyenneligon
BlackRock cuts 600 staff as asset managers defend profit margins https://t.co/yF1dO2xqfY
BlackRock will dismiss about 600 employees, or roughly 3% of its global workforce, as it seeks to reallocate resources amid rapid changes in asset management https://t.co/ynZventhlm
BlackRock $BLK reportedly plans to lay off 600 people, or 3% of its staff - Financial Times
🔸 BlackRock cuts 600 staff as asset managers defend profit margins BlackRock plans to lay off 600 people, or 3 per cent of its staff, to reallocate resources to faster-growing areas within the $9.1tn money manager including technology, exchange traded funds and private…
JUST IN: Fox Business reports that BlackRock is set to cut 600 employees
BlackRock layoffs are happening in the hundreds, fingers are pointing at ESG to blame: https://t.co/nMPzLq5Pge
Blackrock $BLK will be laying off 600 employees, mostly from the ESG division, 3% of workforce https://t.co/WEo4S4WlPA
I warned BlackRock to prioritize investments that result in the highest returns—not fund ESG scams. BlackRock failed to heed that advice and now is laying off 600 employees. ESG hurts both Americans’ savings accounts and the funds managing them. https://t.co/iYL0B0bSFZ
The fact that Blackrock even has 600 employees in its "ESG" division is deeply unsettling. https://t.co/09xIkcVa71
Blackrock is cutting 600 employees from its ESG division while launching a Bitcoin ETF. The woke capital to crypto capital pivot has started. ESG funds have ~$20T in AUM.
BREAKING: Blackrock will be laying off 600 employees, mostly from the ESG division. ESG global investments collapsed by $5 trillion in just 2 years. ESG is the system used by Blackrock and Vanguard to blackmail companies into adopting woke practices. Here is BlackRock CEO… https://t.co/SHLOVQhvTs
Blackrock is reportedly to lay off approximately 600 employees, mainly from their ESG division, per Fox Business
Blackrock to lay off approximately 600 employees in cost-cutting drive, mainly from ESG division
The impending reduction of approximately 600 positions mirrors the BlackRock approach from 2023, where layoffs were aligned with employee performance metrics https://t.co/7CqqGylcuz
NEW: BlackRock plans to cut approximately 600 employees (3% of its global workforce), amidst approval of its #Bitcoin Spot ETF application by the 🇺🇸 SEC. Layoffs will be based on employee performance over the past year. https://t.co/NH0DqStSEf
According to a recent report, approximately 600 employees are slated for layoffs from BlackRock in the upcoming days, determined by their performance over the past year. https://t.co/uxS1POfiPC
BlackRock plans to lay off 600 employees – about 3 percent of global workforce https://t.co/95hqbB9sxC https://t.co/AGf2nGvGiP
In a significant business move, BlackRock, the globe’s most substantial asset manager, is reportedly gearing up to reduce its workforce by approximately 3%, which translates to nearly 600 employees.
BlackRock layoffs coming as firm matures, ESG pullback and Bitcoin ETF approval https://t.co/eAWjggVAzq