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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Comments (12)

  1. Posted by guest | December 3, 2008 at 4:45 PM

    Bess: WSJ says Silicon Valley office, which I’ve heard to be true.

  2. Posted by guest | December 3, 2008 at 4:46 PM

    military industrial complex goes kaboom?

  3. Posted by Gordon Gekko | December 3, 2008 at 4:59 PM

    CHUNG will always be KING!!!!!

  4. Posted by guest | December 3, 2008 at 5:02 PM

    Layoffs watch…Jefferies?

  5. Posted by guest | December 3, 2008 at 5:54 PM

    wellington, state street & fidelity all announced layoffs as well

  6. Posted by guest | December 3, 2008 at 6:21 PM

    god damn it nothing is sacred anymore. at least we live by the sword, die by the sword.
    PE Baller

  7. Posted by guest | December 3, 2008 at 6:26 PM

    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?!?

  8. Posted by guest | December 3, 2008 at 8:17 PM

    I know some Carlyle VP’s with expensive penthouse apartments. I hope they are going to be okay.
    -Laidoff Structured Credit Quant

  9. Posted by guest | December 3, 2008 at 10:08 PM

    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!

  10. Posted by guest | December 4, 2008 at 12:04 AM

    Wow DB, instead of ripping off Deal Journal, you questioned them. Impressive.

  11. Posted by guest | December 4, 2008 at 2:10 AM

    it’s “cisco”

  12. Posted by guest | December 4, 2008 at 7:10 AM

    @9 die retard, die

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