Embattled buyout firm Abraaj said to cut about 15% of jobs

Embattled buyout firm Abraaj said to cut about 15% of jobs

Dubai, UAE. Photo by David Rodrigo on Unsplash

Abraaj Group is cutting about 15 percent of its total workforce, according to people with knowledge of the matter, as the Middle East’s largest buyout fund seeks to trim costs, placate investors and curb the tumult that followed allegations of misused funds.

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