Deal Journal reports that the buyout shop will cut approximately ten percent of its 1,000-person staff, firmwide. We're also told that Carlyle is supposedly shutting down its west coast operations, though it's unclear if the shuttering would be of all three California offices (LA, Menlo Park and San Fransisco) or just one (according to DJ, it's only the Silicon Valley).
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Posted by guest , Dec 03, 2008 4:45PM
Bess: WSJ says Silicon Valley office, which I've heard to be true.
Posted by guest , Dec 03, 2008 4:46PM
military industrial complex goes kaboom?
Posted by Gordon Gekko , Dec 03, 2008 4:59PM
CHUNG will always be KING!!!!!
Posted by guest , Dec 03, 2008 5:02PM
Layoffs watch...Jefferies?
Posted by guest , Dec 03, 2008 5:54PM
wellington, state street & fidelity all announced layoffs as well
Posted by guest , Dec 03, 2008 6:21PM
god damn it nothing is sacred anymore. at least we live by the sword, die by the sword.
PE Baller
Posted by guest , Dec 03, 2008 6:26PM
why, great capitalism god, why slaughter some of your dearest children, your chosen ones... do you really want us all to work in reatil banking and corporates?!?
Posted by guest , Dec 03, 2008 8:17PM
I know some Carlyle VP's with expensive penthouse apartments. I hope they are going to be okay.
-Laidoff Structured Credit Quant
Posted by guest , Dec 03, 2008 10:08PM
Damn! You mean most of these private equity deals only work in a bull market? I've got an MBA and I know only about case studies and nothing about running an actual company. Financial alchemy please don't fail me now!
Posted by guest , Dec 04, 2008 12:04AM
Wow DB, instead of ripping off Deal Journal, you questioned them. Impressive.
Posted by guest , Dec 04, 2008 2:10AM
it's "cisco"
Posted by guest , Dec 04, 2008 7:10AM
@9 die retard, die