Carlyle Group Lays Off 10% Of Staff

Dec 4 2008 | 12:02am ET

The Carlyle Group yesterday cut 10% of its staff, undoing a year’s worth of hiring at the prominent private equity firm.

The Washington, D.C., buyout shop laid off 100 employees, the first firmwide layoff in its history, The Wall Street Journal reports. The job reduction comes after a year-long hiring spree at Carlyle, leaving the firm at about 900 employees, the same size it was in 2007.

Among the casualties is Carlyle’s Silicon Valley office, which it opened less than a year ago.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note