Fallout: Carlyle Group Cuts 10% Of Workforce, Closes Menlo Park Office

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.