Business

BlackRock to Dismiss About 500 Employees Worldwide

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BlackRock Inc. plans to cut about 500 jobs, roughly 2.5% of its global workforce. The world’s biggest asset manager grappled with sharp declines in equity and bond markets. Sally Bakewell reports on Bloomberg Television.

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16 Comments

  1. @christydiego2659

    December 24, 2023 at 2:59 am

    BLACKROCK IS EVIL AND WILL GO BROKE EVENTUALLY JUST LIKE ENRON AND THE OTHERS.

  2. @abdibabu177

    December 24, 2023 at 2:59 am

    Nice shopping

  3. @aarondavies2730

    December 24, 2023 at 2:59 am

    Inflation is going down so why lie

  4. @saadologue

    December 24, 2023 at 2:59 am

    Not to come on Wallstreet. I am sure

  5. @johnmerlino7011

    December 24, 2023 at 2:59 am

    Wonder how much loss BlackRock projects from China's property related 'bond defaults' and if US Pensions will be experiencing large losses from the over 40 Emerging Market bond ETFs that had exposure to this multi-trillion dollar collapse that started with EverGrande.

  6. @briansahadak445

    December 24, 2023 at 2:59 am

    Just say no to ESG.

  7. @KISSMIBUT27

    December 24, 2023 at 2:59 am

    Greed begets greed.

  8. @RSI24

    December 24, 2023 at 2:59 am

    Cut the bonuses and coffee

  9. @rubenavila2274

    December 24, 2023 at 2:59 am

    Is the economy that bad that financial institutions have to layoff their employees?

  10. @ssuwandi3240

    December 24, 2023 at 2:59 am

    Fed vs Climate change :))

  11. @martinemjt

    December 24, 2023 at 2:59 am

    and then renters will be forgoing their rent.

  12. @Womba1009

    December 24, 2023 at 2:59 am

    we only made billions of dollars, time to cut staff

  13. @thebastardgift

    December 24, 2023 at 2:59 am

    Management was cut but not the mercs.

  14. @felixfrost1564

    December 24, 2023 at 2:59 am

    so superficial

  15. @ahmedalsharman

    December 24, 2023 at 2:59 am

    Black Rock is parasite company . making money from human suffering without adding zero value to humanity .

  16. @blueprintbox

    December 24, 2023 at 2:59 am

    That's because everybody's moving to digital banking hence Sofi Technologies

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