The job cuts are expected to affect about 100 employees from the hedge fund’s total workforce of roughly 1,300, according to a Bloomberg report.
Bridgewater Associates, the hedge fund founded by billionaire Ray Dalio, will slash jobs as part of a firm-wide restructuring to expand its international footprint and develop AI technologies, the company said Wednesday.
The job cuts are expected to affect about 100 employees from the hedge fund’s total workforce of roughly 1,300, according to a“To pursue this path, going on offense while also managing constraints requires us to cut costs, free up resources and restructure,” Bridgewater said.
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