Bridgewater Associates is cutting 7% of its staffJemal Countess/Getty Images for Global CitizenBridgewater Associates cut 7% of staff, or about 90 people.The hedge fund, which manages $172 billion, is known for its radical transparency and high turnover.The company last laid off people in 2023 to cut costs and free up resourcesBridgewater Associates cut 7% of its staff on Monday in an effort to stay lean, a person familiar with the matter told Business Insider.The layoffs bring headcount back to where it was in 2023 for the world's largest hedge fund, the person said.