Blackrock freezes hiring

blackrock hire covid-19 coronavirus

23 March 2020
| By Jassmyn |
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Asset manager Blackrock has globally frozen hiring for a few weeks as the COVID-19 pandemic continues to develop, a source familiar with the situation said.  

As reported by Reuters, a spokesperson said the firm had paused on making new offers.

“The source said plans made as recently as two weeks ago needed to be reviewed as Blackrock adjusts to a new way of doing business,” Reuters said

It said the hiring freeze underlined how painful the impact of the global selloff and COVID-19 would be for the real economy.

Currently, Blackrock had 16,200 employees in over 30 countries and had US$7.4 trillion ($12.8 trillion) in assets under management.

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