Private Equity Layoffs: The Opening Salvo

Last week we wrote that brand-name private equity firms had begun internal layoff discussions. Now it seems that some of those talks have evolved into action. Financial News is reporting that The Carlyle Group has decided to close its Central and Eastern Europe (CEE) operations, which means pink slips for ten staffers in a Warsaw office opened just last year. It also has killed off an Asia leveraged finance team formed just a few months earlier, which means seven more layoffs. Carlyle spokesman Chris Ullman this morning confirmed the cuts, which include CEE managing directors Ryszard Wojtkowski and Janusz Guy, and Asia leveraged finance chief Eric Mason. He emphasized, however, that the moves are

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