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Zug-based private equity firm Partners Group is optimizing its organizational structure. As a result, 105 out of 2,000 employees worldwide are said to have already been laid off. At least that’s what the financial blog “Inside Paradeplatz” writes.
However, Partners Group does not want to confirm the number to Blick. “There is no specific goal that goes beyond trying to optimize an already well-functioning company,” he shares. So what happens to the financial professional?
Fitness program instead of cost exercise
The truth is: Partners Group is doing pretty well. Almost a month ago the company delivered strong half-year figures, with total earnings rising by nearly a fifth in the first half of the year. Things will continue to be successful in the coming months.
The company wants to use the layoffs to stay fit in the future. “These reviews are conducted every few years for the entire company and are transparently communicated to company employees in advance,” he said in a statement. Optimization is a global program. More than two-thirds of the workforce works outside Switzerland.
It has not been confirmed whether more than 100 employees were laid off and whether these layoffs took place at the headquarters in Baar ZG. The company also does not comment on rumors that approximately 200 more jobs will be laid off by the end of 2024.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
