Layoffs Watch '16: Tudor Investment Corp.

Paul Tudor Jones has asked a number of employees to clean out their desks.
Mmm...sunscreen. (Getty Images)

Getty Images

The Greenwich-based hedge fund has told 15% of its staff to kiss the free Kentucky Fried Chicken goodbye.

Billionaire Paul Tudor Jones dismissed about 15 percent of the workforce at his Tudor Investment Corp. after losses and investor withdrawals at the $11 billion hedge fund, according to three people with knowledge of the matter. Tudor earlier Tuesday informed the affected employees, which include positions ranging from money managers to support staff, said the people, who asked not to be identified because the firm is private. Tudor employed 409 people, about half in investing roles, according to a March regulatory filing...The current job cuts are focused on money managers that had posted losses or failed to post profits.

Tudor Said to Cut 15% of Workforce After Withdrawals, Losses [Bloomberg]