Bridgewater Associates cut 7% of its staff Monday, amounting to approximately 90 employees as part of its strategy to streamline and manage costs effectively.
Despite the layoffs, Bridgewater is still hiring, with three open positions listed for its Shanghai office, indicating a continued focus on growth in certain areas.
The firm's culture emphasizes radical transparency, which includes a unique real-time rating system where employees score each other to promote accountability and performance.
Ray Dalio founded Bridgewater Associates in 1975, and the firm's leadership has shifted since he relinquished voting rights in 2022, now led by CEO Nir Bar Dea.
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