Reported 1 day ago
Bridgewater Associates has laid off 7% of its workforce, approximately 90 employees, in a bid to stay lean and maintain the ability to attract top talent. This move reflects the company's focus on evolution and achieving its strategic goals while ensuring its resources are aligned for innovation and impact. The hedge fund, founded by Ray Dalio, reported strong returns in the previous year and intends to continue selective hiring despite the cuts.
Source: YAHOO