Bridgewater's Job Ax Is Reminder of Wall Street's Math

The video discusses Bridgewater's decision to lay off 7% of its workforce, equating to about 90 employees, and explores whether this is due to performance issues or a strategic reshaping. Despite the layoffs, Bridgewater claims to remain strong and on the offensive. The video also touches on industry trends of job cuts across Wall Street and the evolving nature of talent acquisition, including the use of non-compete agreements to retain talent. The war for talent remains a significant theme, with firms like Citadel extending non-compete durations to secure their workforce.

What percentage of Bridgewater's workforce is being laid off?

How many employees does the 7% layoff represent?

What was the headcount of Bridgewater in 2013?

What terms did the firm use to describe their job cuts?

What does the conversation suggest about the future of talent in hedge funds?