Madison Capital Lays Off 10%
Mid-market lender Madison Capital has laid off 7 employees, or 10% of its staff, Senior Managing Director Chris Williams confirmed to peHUB. The layoffs occurred yesterday on the heels of news that Dymas Capital, another Chicago-based middle market lender, had laid off 10 employees. Six deal pros remain at Dymas. For its part, Madison Capital reduced its headcount to the the same level it had in fiscal 2007, Williams said. "Throughout 2008, we ramped up to meet the activity levels we were experiencing. The first quarter of 2008 was a record time for us. The deal flow has slowed down so we have taken ourselves back a level." The firm now has 55 to 60 people.
22 January 2009•1 min read
