{"id":33949,"date":"2020-07-24T23:17:00","date_gmt":"2020-07-24T20:17:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ray-dalio-promotes-his-book-amid-layoffs-at-bridgewater\/"},"modified":"2020-07-24T23:17:00","modified_gmt":"2020-07-24T20:17:00","slug":"ray-dalio-promotes-his-book-amid-layoffs-at-bridgewater","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ray-dalio-promotes-his-book-amid-layoffs-at-bridgewater\/","title":{"rendered":"#Ray Dalio promotes his book amid layoffs at Bridgewater"},"content":{"rendered":"

“#Ray Dalio promotes his book amid layoffs at Bridgewater<\/strong>”<\/p>\n

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July 24, 2020 |<\/span> 4:17pm |<\/span> Updated July 24, 2020 | 4:33pm<\/span><\/p>\n

\n Hedge fund billionaire Ray Dalio fired off a bunch of tweets promoting his bestselling book on Friday \u2014 minutes after it was reported that his hedge fund axed staff amid steep losses.<\/p>\n

Dalio\u2019s Bridgewater Associates, located in \u00a0Westport, Conn., handed out pink slips to dozens of employees on Friday, according to the Wall Street Journal, in what app<\/a>ears to be the biggest bloodletting in the fund\u2019s 45-year history amid double-digit losses.<\/p>\n

Soon after the report was published, Dalio \u2014 the founder and co-chairman of the world\u2019s biggest hedge fund \u2014 fired off three tweets opining on the importance of building \u201cmeaningful relationships\u201d \u00a0at work to get through \u201cchallenging times.\u201d<\/p>\n

The tweets are based on teachings from Dalio\u2019s book of life and management philosophies \u201cPrinciples,\u201d which preaches \u201cradical truth\u201d and \u201cradical transparency\u201d with colleagues in order to promote better work outcomes. The book has sold well since it was first published in 2017 \u2014 despite criticisms of the author\u2019s own management style.<\/p>\n

In a statement, Bridgewater confirmed the layoffs by saying \u201cThe world is changing in dramatic ways and we are taking steps to adapt to it.\u201d<\/p>\n

According to The Journal, the majority of the cuts appear to be in back office departments including researchers, recruiters, and client services. Dalio\u2019s pet project \u201ccore management\u201d team, a group of younger Bridgewater workers who are trained in the way of \u201cPrinciples,\u201d also suffered cuts, WSJ said.<\/p>\n

The $138-billion fund\u2019s flagship Pure Alpha fund posted a first-ever annual loss in 2019 and is down over 13.5 percent through June, WSJ said.<\/p>\n

Earlier this year, the WSJ described Dalio as an autocratic leader who once lashed out at an underling who questioned his decision to meet with Russian President Vladimir Putin to discuss economic policy by saying, \u201cIf you\u2019re so smart, why aren\u2019t you rich?\u201d Dalio called the report \u201cfake\u201d news<\/a>.<\/p>\n

And on July 13th, an arbitration panel ruled that Bridgewater had manufactured evidence against former employees while claiming they had stolen trade secrets to launch their own fund.\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Ray Dalio promotes his book amid layoffs at Bridgewater” July 24, 2020 | 4:17pm | Updated July 24, 2020 | 4:33pm Hedge fund billionaire Ray Dalio fired off a bunch of tweets promoting his bestselling book on Friday \u2014 minutes after it was reported that his hedge fund axed staff amid steep losses. Dalio\u2019s Bridgewater…<\/p>\n","protected":false},"author":1,"featured_media":33950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[43845],"class_list":["post-33949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ray-dalio-promotes-his-book-amid-layoffs-at-bridgewater"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/33949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=33949"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/33949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/33950"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=33949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=33949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=33949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}