BlackRock’s Fink Vows No Layoffs Due to Impact of Coronavirus
Larry Fink, chief executive officer of BlackRock
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BlackRock Inc. won’t layoff any employees this year as a result of the coronavirus, according to chief executive officer Larry Fink.
The world’s largest asset manager will also pay full-time wages to the people staffing its facilities, including cafeteria and maintenance workers, even if they can’t come to work, Fink said Wednesday in a post on LinkedIn. More than 90% of BlackRock employees are working remotely. The firm employs more than 16,000 people worldwide.