Layoffs Watch '10: DE Shaw Cans 150 Employees

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And if you thought it was just secretaries bearing getting the boot, think again!

The cuts were "across the board," including partners and portfolio managers. And they weren't just something David came up with on a whim over lunch but part of "a strategic review undertaken by management as a result of large investor outflows this year." So, there's that.

DE Shaw Cuts 10% Of Workforce [FT]
Hard Times For DE Shaw [II]

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