Westpot First Selectman Jim Marpe, responding to reports of layoffs at Bridgewater Associates, the hedge fund that is Westport’s largest private employer, said today it is too early to determine their impact.
Bridgewater is an important contributor to the local economy, “so we recognize that any changes they make could affect other parts of the Westport economy,” he said.
“That said, since they are still in the process of their organizational renovation, I have no way of knowing how that might affect Bridgewater’s presence in Westport,” Marpe said.
“I and other town officials remain in regular contact with Bridgewater leadership, and I appreciate their ongoing commitment to working with the town to accomplish their goals in a cooperative manner.”
He also said that like any “well run, world class organization, Bridgewater Associates is constantly looking for opportunities to be more efficient and effective.”
