BlackRock to cut 3% workforce ahead of Bitcoin ETF deadline

Ritu13

According to reports, BlackRock is planning to notify around 600 employees of this news in the coming days, hoping for the approval of its application for a spot Bitcoin ETF.

Reportedly, BlackRock, the world's largest asset management company, plans to cut around 3% of its workforce globally this week.

Meanwhile, BlackRock anticipates receiving positive news from the U.S. Securities and Exchange Commission (SEC) regarding its spot Bitcoin (BTC) exchange-traded fund (ETF).

Yamini003

Just taking a look at this report.

Ritu77

The layoffs are quite tragic, indeed.