Wednesday, 6 May 2015
Last updated 16 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…