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Tags: blackrock layoffs

BlackRock to Cut up to 500 Jobs

BlackRock to Cut up to 500 Jobs
(AP)

Wednesday, 11 January 2023 11:53 AM EST

Asset manager BlackRock Inc. is cutting up to 500 jobs, Insider reported Wednesday, citing a memo.

Major financial firms in the United States have been forced to reduce their headcount in an attempt to cut costs, as the Federal Reserve's aggressive interest rate hikes raised the odds of the economy tipping over into a recession.

The company did not immediately respond to a Reuters request for comment.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Asset manager BlackRock Inc. is cutting up to 500 jobs, Insider reported Wednesday, citing a memo.
blackrock layoffs
67
2023-53-11
Wednesday, 11 January 2023 11:53 AM
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