Layoffs Watch ’13: Citadel

By

Risk is what you make of it.

Citadel Securities, a unit of Citadel LLC in Chicago, has fired about 10 percent of its staff. Matt Cushman, a senior managing director who joined the firm in 2011 from Knight Capital Group Inc., was among more than two dozen people who lost their jobs, including five last week, according to a person with direct knowledge of the cuts who asked not to be named because the matter is private. The reductions affected between 25 and 30 people, Katie Spring, a spokeswoman for the company, said by phone. The unit now has about 275 employees, she said.

[Bloomberg]

Comments (7)

  1. 1
    Posted by Guest of guest | March 6, 2013 at 7:57 PM

    That sucks for Matt. He's a cool guy. Best of luck to him and the others.

  2. 2
    Posted by Guest | March 7, 2013 at 1:06 AM

    What a messed up shop, Loonies.

  3. 3
    Posted by Guest | March 7, 2013 at 9:32 AM

    If Ken was running Dealbreaker, he would have fired Shazar by now. However he would also have fired Bess and Matt.

  4. 4
    Posted by Guest | March 7, 2013 at 1:17 PM

    if anyone BUT Bess and Matt were running Dealbreaker they would have fired Shazar by now…

    just sayin…

  5. 5
    Posted by Guest | March 7, 2013 at 1:18 PM

    if anyone BUT Bess and Matt were running Dealbreaker they would have fired Shazar by now…

    just sayin…

  6. 6
    Posted by Dedalus | March 7, 2013 at 2:20 PM

    You are McGlade's suck.

  7. 7
    Posted by Ban KKiller | March 12, 2013 at 10:49 PM

    Good. Shit can them all.