The Deal cuts 10% of workforce

Financial weekly The Deal has cut 10%, or 15 employees.

The cuts were across the board out of 150 employees of which 75 were full timers.

New York based the The Deal is a group of finance and business magazines, newspapers and electronic resources covering deal terms of mergers & acquisitions, private equity, venture capital financings, bankruptcies and other topics of interest to the investment banking, private equity and venture capital industries.

The Deal is owned by U.S. Equity Partners and raised its last round of $30 million in 2000. The original The Daily Deal was established in 1989.

(via Folio)