BlackRock (BLK.N) told its employees it will cut about 1% of its workforce. The group struck more than $25 billion in acquisitions last year to expand its business in private market assets and data. BlackRock President Rob Kapito and Chief Operating Officer Rob Goldstein told employees in a memo on Wednesday that they plan to re-align resources and strategy through layoffs and other measures. The company has more than 21,000 employees, meaning about 200 people will be affected.