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Layoffs Watch '08: AQR

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AQR is said to have laid off about ten percent of its research team yesterday, in addition to "some rolling departures, including several senior VPs." Apparently "the recent and much despised professorship hires, whose contribution to the firm amounts to zero" were not among those dismissed from Cliff Asness's lair.
Update: AQR denies the dismissal of "several senior VPs."