Warburg Pincus Cuts Seven China Dealmakers After Slowdown (1)

Warburg Pincus LLC is cutting about seven China dealmakers as the private-equity firm weighs scaling back consumer Internet investments, joining other finance firms in reducing staff as markets tumble and the world’s second-largest economy struggles to expand.

Two partners, Vera Yang and Gordon Ding, and five more junior employees will leave the asset manager as part of the reshuffle, a person with knowledge of the matter said, asking not to be identified because the firm doesn’t comment on personnel changes. Yang and Ding couldn’t be immediately reached for comment.

“As we have done at various points over the course of ...