BlackRock Said to Plan Cutting About 400 Jobs

BlackRock is undergoing its largest layoff in history, driven by market volatility. Unlike the 2013 performance-related cuts, this reorganization is broad-based, affecting many global businesses. The aim is to redirect resources to growth areas like ETFs, alternatives, and infrastructure.

What makes the recent reorganization at BlackRock particularly significant?

• It is the largest layoff in the company's history.

• It involves only the top management.

• It is the first layoff in the company's history.

• It is focused solely on the US market.

What was the primary reason for the layoffs at BlackRock in 2013?

• Technological advancements

• Performance-related issues

• Regulatory changes

• Market volatility

How is the current layoff at BlackRock different from the one in 2013?

• It is driven by technological changes.

• It is broad-based across many businesses globally.

• It is focused on a single department.

• It is smaller in scale.

What are some of the growth areas BlackRock is redirecting resources to?

• Real estate and commodities

• ETFs, alternatives, and infrastructure

• Healthcare and pharmaceuticals

• Retail and consumer goods

Which of the following is NOT a focus area for BlackRock's resource redirection?

• Infrastructure

• Retail banking

• Alternatives

• ETFs