Layoffs hit private equity firms

It was inevitable that the larger economic turmoil would claim more jobs at top private equity firms. You also get the feeling that some stealth slashing has been underway for some time now. IDD reports that The Carlyle Group has plans to cut its 1,000 employee staff by 10 percent. It closed offices in Menlo Park and Warsaw.

Investcorp will cutting its workforce by 90 spots. London's 3i Group will cut 15 percent of its global staff. Recruiters say they are seeing more resumes from people in private equity. Most expect more layoffs soon. That said, the world has not ended; top recruits are still being hired, albeit at a much slower pace.

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