BlackRock Layoffs 2026: Employee Rights and Severance Pay Guide

BlackRock, the world’s largest asset manager, is cutting approximately 250 jobs in an effort to improve efficiency in 2026. (Reuters)

“Improving BlackRock is a constant priority,” a spokesperson said in a statement.

“Each year, we make decisions to ensure that our resources are aligned with our objectives and that we are well positioned to serve clients today and in the future.”

It remains unclear if any Canadian employees at BlackRock are affected. If you’re laid off or receive a severance offer, don’t sign anything until you understand your full rights under Canadian employment law.

Severance Pay for BlackRock Canada Employees

If you’re a non-unionized BlackRock employee, you may be entitled to up to 24 months’ pay as severance in Canada when you are let go.

How Severance is Calculated

Several factors determine what you’re owed, including:

• Age
• Length of service
• Position or seniority
• Ability to find similar work (job market conditions)

What a Fair Package Should Include

A proper and fair severance package at BlackRock must cover:

• Salary
• Bonuses & commissions
• Benefits & pension contributions
• RSUs, stock options, incentive pay
• Vacation pay & allowances

Not Always Called a Layoff

In some cases, BlackRock (and other large employers) avoid calling it a layoff by:

• Cutting pay
• Reducing responsibilities
• Reassigning employees

These changes may qualify as constructive dismissal in Canada — which is legally treated the same as a termination and may entitle you to full severance pay.

Severance Success Stories — Our Track Record

We’ve negotiated significant results for employees at major corporations, including:

• ✅ 24 months’ severance for a long-term professional after refusing unfair new terms post-acquisition. See our win →
• ✅ 6 months’ severance for a short-term executive pressured to sign an unfair release after termination. See our win →
• ✅ 4 months’ severance for an employee terminated after just eight months in a senior role. See our win →

Our clients are often surprised by how much they’re legally owed after being wrongfully dismissed — and legal fees are often covered by the employer.

FAQs on BlackRock Layoffs

Lost Your Job? Get Help Now

If you’ve been impacted by BlackRock layoffs in Canada, don’t sign anything before seeking legal advice.

At Samfiru Tumarkin LLP, our track record speaks for itself:

• 👥 50,000+ Canadians successfully represented
• 💰 Secured millions in severance payouts
• ⚖️ Settle over 99% of cases out of court
• ⭐ 3,000+ 5-star Google reviews
• 🏆 Named one of Canada’s Best Law Firms

📞 Call us at 1-855-821-5900 or request a consultation online.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.