Finance
Bridgewater Cuts 7% of Staff in Effort to Remain ‘Nimble’
- About 90 staff were dismissed by world’s biggest hedge fund
- Firm posted double-digit gains for most strategies last year
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Bridgewater Associates dismissed 7% of its workforce Monday as the world’s biggest hedge fund seeks to remain lean and maintain the flexibility to hire top talent, according to a person familiar with the matter.
The cuts affect about 90 employees, said the person, who asked not to be identified because the information hasn’t been announced publicly. The firm, whose headcount is now back to where it was in 2023, will continue hiring selectively, the person said.