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last mo.

BlackRock Mandates Full In-Office Week for Senior Executives

The asset management giant requires managing directors to return to the office five days a week, while junior staff retain limited remote work options.

BlackRock had already told all staff to come into the office four days a week
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Overview

  • BlackRock has directed its 1,000 global managing directors to work in-office five days a week, effective immediately.
  • Junior employees will still be permitted one remote workday per week under the updated policy.
  • The decision reflects a broader trend in the financial sector, with firms like Goldman Sachs and JPMorgan Chase enforcing similar office attendance mandates.
  • CEO Larry Fink has been a vocal critic of remote work, citing its negative impact on company culture and productivity.
  • BlackRock faces logistical challenges in London, where constrained office space complicates efforts to centralize its workforce.