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Comment on Quant Hedge Fund D.E. Shaw Fires 150; 10% of staffparent

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Everywhere I've ever worked, people's performance isn't that wishy-washy. There has always been a "normalization" of performance that becomes apparent based on people's fit within the organization and abilities.

Now, I agree that quantifying that is non-trivial. I've always been interested in places where they actually do that (and wonder how accurate it is), but I wouldn't be surprised to find that people who find themselves in that lowest 10% don't find themselves there on a whim.

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