Reported about 13 hours ago
Two Sigma Investments will lay off approximately 200 employees, about 10% of its workforce, following a strategic review by its new co-CEOs. Although no portfolio managers were affected, cuts impacted various departments including corporate, engineering, and trading. This decision marks a significant management shift for the firm after the departure of its feuding founders, who remain as chairmen. The firm has seen strong performance this year, with its main fund up 11.2%.
Source: YAHOO