Bridgewater Associates Cuts 7% of Its Workforce

According to a knowledgeable individual on the matter, Bridgewater Associates has laid off 7% of its workforce. The person, who wished to remain anonymous, stated that approximately 90 employees were affected by the cuts, as the information had not been made public. The individual noted that the firm, which will return to its personnel level of 2023, will continue to be selective in its hiring process.

A Bridgewater spokesperson commented, "Bridgewater has focused on rapid development over the last three years, setting major goals and sparing no effort to achieve them." Founded by Ray Dalio and led by CEO Nir Bar Dea, Bridgewater achieved double-digit returns for most of its strategies last year, including an 11.3% gain in the Pure Alpha macro fund. As of July, the firm managed approximately $160 billion in assets.