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The company will also pay full-time wages to support staff, such as cafeteria and maintenance workers, even if they cannot come to work, Fink wrote in a LinkedIn (NYSE:LNKD) post. (https://
He said more than 90% of asset manager’s employees were working remotely.
BlackRock had about 16,200 employees as of Dec. 31, according to its annual filing.
Other major financial institutions, including top U.S. banks Citigroup (N:C) and Morgan Stanley (N:MS), have also assured their employees that there will not be any layoffs at those institutions because of the pandemic.
