Black Rock, which is considered the world’s largest money management firm, has announced it plans to lay off over 600 employees.
The layoffs have not been announced publicly by the firm but have already been declared through internal messages within the Black Rock organization.
The firm previously made layoffs around the same time period last year.
In 2023 the firm shares dropped by -6%, and in 2022, the firm saw a 22% decrease in shares.
BREAKING: Blackrock will be laying off 600 employees, mostly from the ESG division.
— End Wokeness (@EndWokeness) January 8, 2024
ESG global investments collapsed by $5 trillion in just 2 years.
ESG is the system used by Blackrock and Vanguard to blackmail companies into adopting woke practices.
Here is BlackRock CEO… pic.twitter.com/SHLOVQhvTs
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