Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Bridgewater Cuts Jobs With Pandemic Requiring Fewer Workers (1)

July 24, 2020, 6:47 PM

Bridgewater Associates, the world’s biggest hedge fund firm, said it’s planning job cuts because it won’t need the same number of support staff as more employees work from home and new technologies are changing the types of people it needs to serve clients.

“The world is changing in dramatic ways and we are taking steps to adapt to it,” Bridgewater said in an emailed statement Friday. “While this will produce more than normal attrition in terms of people leaving the firm this year, it won’t be greatly more than normal and we will continue to invest and hire in ...