Bridgewater Cuts 7% of Workforce to Stay Agile in Competitive Market
Bridgewater Associates has laid off 7% of its staff to maintain flexibility and adapt to market changes while continuing selective hiring
Bridgewater Associates, Westport, Connecticut, Ray Dalio, Nir Bar Dea, Hedge Fund
This move is all about staying nimble and being ready to grab top talent when the opportunity arises. It’s interesting because their headcount is back to where it was last year.
A spokesperson mentioned that for the past three years, they’ve been pushing hard to evolve and hit big goals. They’re not afraid to make tough decisions, even when times are good.
Bridgewater, founded by Ray Dalio, had a pretty solid year last year, with their Pure Alpha macro fund seeing an 11.3% gain. They’re managing around $160 billion in assets, so they’re still in a strong position.
It’s worth noting that other firms like Two Sigma and Brevan Howard also made cuts recently, with about 10% of their staff let go. It seems like the trend is catching on in the hedge fund world.
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