BlackRock to focus on costs and hold back on new hires

The world’s largest asset manager wants to streamline its business and has plans to reduce costs by being conservative with new hires.
Photo: Carlo Allegri
Photo: Carlo Allegri
by stefan nygaard hansen, translated by catherine brett

Due to a new focus on costs, BlackRock is pausing hiring activities for the majority of its roles, CFO Gary Shedlin said at a conference on Tuesday, according to Reuters.

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