Paul Tudor Jones announces the firing of 15% of his workforce – aprox. 60 people – as earnings drop, capital withdrawals grow. Jones himself is gone from Connecticut, having bought a $71 million homestead in Florida last year, but so far as I know, Tudor Investment’s headquarters are still up on King Street, and presumably some of the sixty employees he’s letting go are residents and taxpayers of our state.
Billionaire Paul Tudor Jones dismissed about 15 percent of the workforce at his Tudor Investment Corp. after losses and investor withdrawals at the $11 billion hedge fund, according to three people with knowledge of the matter.
Tudor earlier Tuesday informed the affected employees, which include positions ranging from money managers to support staff, said the people, who asked not to be identified because the firm is private. Tudor employed 409 people, about half in investing roles, according to a March regulatory filing.