BlackRock, the world’s largest asset manager, is trimming its workforce once again. According to Bloomberg, the company plans to cut about 1% of its global headcount, or 250 employees, as part of a broader effort to streamline operations. The layoffs are expected to impact multiple divisions, including investment and sales teams.
https://www.tipranks.com/news/blackrock-blk-to-cut-250-jobs-in-latest-round-of-layoffs
As more details emerge about BlackRock’s recent layoffs, it is becoming increasingly clear that these cuts reflect a deeper pattern of H-1B abuse. Instead of giving laid-off American workers the opportunity to transition into other roles held by H1Bs, BlackRock chose to terminate U.S. employees outright while retaining H-1B workers in similar—and in many cases interchangeable positions.
Many of the roles currently held by H-1B employees are positions that laid-off American workers could quickly step into, given their skills and experience. By keeping visa holders while dismissing qualified U.S. workers, BlackRock is effectively admitting that foreign labor is not filling a genuine skills gap. If American workers are available and capable, then those H-1B positions should be the first to be eliminated—not the jobs held by U.S. citizens.
This approach undermines the intent of the H-1B program and raises serious questions about whether BlackRock is prioritizing cost savings over compliance and fairness. As a result, BlackRock’s U.S. clients will be contacted and urged to boycott the firm until it demonstrates a clear commitment to prioritizing American workers over visa labor.
https://nypost.com/2026/01/13/business/blackrock-to-slash-hundreds-of-jobs-latest-wall-street-biz-to-kick-off-2026-with-firings/