Blackrock informed its employees that the company will cut about 1% of its workforce; last year, it completed acquisition Trades exceeding 25 billion dollars, thereby expanding its Business in the private market Assets and data field. Blackrock President Rob Kapito and Chief Operating Officer Rob Goldstein stated in a memo to employees on Wednesday that the plan is to realign resources with the Global Strategy through measures like layoffs. The company has more than 21,000 employees, which means around 200 people will be affected.