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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of