Friday, December 12, 2008
Blackstone Joins Ranks of Those Cutting Jobs
Private Equity firm Blackstone is following the trend- they are cutting jobs. Blackstone has joined several other large buyout firms that have announced layoffs this month. For example, the well respected Carlyle Group is cutting 10% of its worldwide staff, and the 3i Group is cutting 15% of its staff.
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Many companies are starting to downsize during the current economic climate to increase efficieny. It seems as though many white collar workers are being hit the hardest during this crisis.
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