Carlyle makes staff cuts as dealmaking slows
Private-equity firm Carlyle Group will lay off 10 percent of its staff as the worsening economy puts the pinch on dealmaking, reports The Washington Post
Carlyle, which has about 1,000 full-time employees in 33 offices in 21 countries, said most of the layoffs will come from its U.S. offices.
The private-equity firm has $91.5 billion under management and $40 billion in money committed from investors that has yet to be put to work. It recently raised $14 billion for another U.S. buyout fund.