On Wednesday, Governor Dannel P. Malloy of Connecticut announced that the asset manager would be constructing a state-of-the-art facility along the Stamford waterfront as part of an economic and community development initiative. As part of the program, which will give the firm as much as $115 million in incentives as part of the deal, Bridgewater has also promised to add another 750 to 1,000 new high-level jobs to its current staff of 1,225...The new offices will have about 750,000 square feet spread across two eco-friendly buildings that will front the water in the Harbor Point development area. Bridgewater has promised to clean up the contaminated site and reforest the area, creating a park-like campus for its employees with public access. “We are pleased that the State of Connecticut shares our vision of creating a state of the art and environmentally sustainable office campus, while also restoring this key piece of natural waterfront property in Stamford,” Greg Jensen, co-chief executive of Bridgewater, said in a statement. “We look forward to transforming this industrial site into a spectacularly beautiful forested campus that will be seamlessly integrated into the natural surroundings. The proposed campus will house all of our employees and be designed to facilitate creativity, collaboration and help reinforce Bridgewater’s distinct culture which has been so instrumental to our success.” [Dealbook]
Bridgewater Associates Denies Being "A Cauldron Of Fear And Intimidation"
Ray Dalio is not pleased with the New York Times.
Bridgewater Associates Produced A Series Of Videos Intended "To Scare You"
Bridgewater Isn't Laying Off Employees, It's "Renovating" The Company
In other words: it's laying off employees.