BlackRock sacking 500 jobs amid cost cuts, hiring freeze: Report

Asset management firm BlackRock Inc is cutting up to 500 roles from its workforce, Reuters reported. It is the first round of job cuts at New York-based BlackRock since 2019. The cuts come after BlackRock Chief Financial Officer Gary Shedlin had said in December that the firm was freezing most hiring and reducing expenses due to short-term performance challenges.