Many private-equity firms are “a bit heavy on head count” after more than a decade of continual growth and hiring, said Chris Connors, a principal at Wall Street compensation consultant Johnson Associates.

Now some firms are focused on “curtailing expenses and cost management,” in some cases by replacing senior with junior employees or not filling openings when workers leave, Connors said.

The Wall Street Journal (WSJ Pro Private Equity) / May 28, 2024