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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Bess: WSJ says Silicon Valley office, which I’ve heard to be true.
military industrial complex goes kaboom?
CHUNG will always be KING!!!!!
Layoffs watch…Jefferies?
wellington, state street & fidelity all announced layoffs as well
god damn it nothing is sacred anymore. at least we live by the sword, die by the sword.
PE Baller
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?!?
I know some Carlyle VP’s with expensive penthouse apartments. I hope they are going to be okay.
-Laidoff Structured Credit Quant
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!
Wow DB, instead of ripping off Deal Journal, you questioned them. Impressive.
it’s “cisco”
@9 die retard, die