BlackRock is anticipated to get clearance from the U.S SEC as soon as next Wednesday.
Reportedly, the possible rounds of layoffs have nothing to do with capital shortfall.
According to reports, investment banking behemoth BlackRock Inc. is planning to slash 3% of its employees in a massive reorganization similar to the mid-year layoffs that occurred in 2023. Charles Gasparino, a senior correspondent for Fox Business Network, claims that in three days the financial behemoth will announce the layoffs, which may result in the loss of 600 positions altogether.
The timing of this announcement couldn’t be more peculiar, considering that BlackRock is spearheading a pack of more than twelve applicants hoping to get permission for a spot Bitcoin ETF as early as Monday.
Quest of a Spot Bitcoin ETF
Actually, according to Charles Gasparino, the iShares Bitcoin Trust product from BlackRock is anticipated to get clearance from the U.S SEC as soon as next Wednesday.
Reportedly, the possible rounds
We współpracy z: https://thenewscrypto.com/blackrock-reportedly-plans-3-workforce-cut-amidst-etf-pursuit/
