Fallout: Carlyle Group Cuts 10% Of Workforce, Closes Menlo Park Office
J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news.
Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More
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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.
More here and here.
