Tech Investment Firm Disruptive Furloughed Two-Thirds of Staff Amid Cash Crunch
- COO said on Zoom call in January that the firm is ‘bleeding’
- Morgan Stanley recently settled with firm over Palantir trade
This article is for subscribers only.
Disruptive, a technology-focused investment firm, furloughed roughly two-thirds of its employees as it grapples with a cash crunch caused by how it earns fees, according to people with knowledge of the matter.
The firm in late January temporarily discharged some staff over a group Zoom call led by Chief Operating Officer David Tarnowski, citing a lack of cash, said the people, who asked not to be identified discussing confidential information. On the call, Tarnowski said the firm has been “bleeding” due to its fee structure, one of the people said.