Carlyle Group, the world’s second largest private equity fund, is laying off 10% of its worldwide workforce, or about 100 people. Carlyle has $91.5 billion in assets under management.
They’re also closing their Menlo Park office outright.
“In response to extraordinary market conditions, Carlyle has taken measured steps to balance its cost structure with the current investment climate,” the company said.
Crazy times.
I guess if you lay of people faster than your competitors, you win? The theory doesn’t work so well when everyone tries it.
couldn’t happen to a bigger bunch of scumbags. lets hope the other 90% are gone in short order. carlyle are one of the lynchpins in our sordid petrodollar/arms laundering scheme we run with the worst of the worst in the middle east. carlyle is a prominent landing zone for former high-ranking govt officials the world over…a reward for helping the company rifle through so much suspicious garbage while these people are in office
Exactly. This is just a response to the changing administration, not anything business-related. When their guy was President they could live in Silicon Valley and twist the thumbscrews, but their gonna be out of pork-power for awhile.
If Michael Moore said so, it must be true!!!1!! Crap I dropped my tinfoil!!!!
The 10% rule seems to be popular.
You gotta do what you gotta do to keep your company going!
This company deserves to go under. It has done me no good at all. Ever since I tried to approach the company for venture capital, they ignore my request. Karma comes to you batch!
Obviously you aren’t friends with the Bush family or any other ex-CIA or Republicans. What did you have to offer to Skull and Bones?
This sounds more like a house-cleaning under cover of tough economic times. I have trouble believing that they really need to lower their expenses.