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.
