D.E. Shaw Said to Eliminate 10% of Workforce as Assets Decline

Bloomberg – D.E. Shaw & Co., the New York-based hedge-fund firm that lost investors after limiting withdrawals in 2008, fired about 150 employees, two people familiar with the cuts said yesterday.

The dismissals represent about 10 percent of the workforce, according to the people, who asked not to be identified because the information hasn’t been made public.

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