Bridgewater's Latest Move: A 7% Staff Cut Amidst Strong Fund Returns!
Bridgewater Associates, the globally esteemed hedge fund giant, is making headlines as it slashes 7% of its workforce, equating to about 90 employees, in a bid to streamline operations and revisit 2023 staffing benchmarks. The firm is adopting a strategic redirection, despite celebrating robust double-digit returns from four of its key funds last year. Interestingly, while implementing these layoffs, they continue to actively recruit for their Shanghai office, indicating a focus on expanding regional growth.
Jan 9