Entries tagged "Tech Confidential"
With tech M&A poised to continue despite the downturn, Silicon Valley's boutique advisory firms like GrowthPoint will continue to flourish, while bigger Wall Street banks languish.
In his wide-ranging efforts to stabilize Sprint Nextel Corp.'s business, CEO Dan Hesse turned to the ax on Monday. The No. 3 wireless U.S. carrier will cut 8,000 positions, a move it says will save $1.2 billion....
PeHUB editor Dan Primack received a call from Apax Partners looking to clarify rumors of layoffs at the international buyout firm. Apax allegedly told him the firm does not issue layoffs but holds annual employee reassessments that sometimes lead to a 10% staff reduction. Apax, Carlyle Group and many of their peers are scaling back their staff -- whether you call it layoffs or not is simply semantics -- as they experience what BusinessWeek calls "Private Equity's Year from Hell." Investment banks are also feeling the pain of the economic contraction, but Thomas Weisel Partners, best known as a tech...
