John Paulson’s hedge fund lays off workers

The ax has fallen at John Paulson’s hedge fund.

Several employees of the once-mammoth Paulson & Co. were let go Thursday amid years of poor performance, The Post hꦕas learned. Cuts were across the board but also included key veterans who have been with th🅘e fund for more than 10 years.

Among the senior-level hedgies being shown the door were Keith Hannan, head of trading, Brad Rosenberg, head credit tradꦛer, and partners Victor Flores and 𒈔Allen Puwalski.

“We are right-sizing the firm to focus on our core expertise on areas that are growiꦺng,” a firm spokesman told The Post, declining to 𝔍comment on specific individuals affected.

Paulson’s fund, which once managed as much as $38 billion in 2011 due in part to well-timed bets against the housing market in the l๊ead-up to the financial crisis, has struggled to replicate prior successes.

The hedge fund now manages $9 billion 𒊎— with roughly 70 percent of that being Paulson’s own money, according to sources.

Performance has been hit by the fund’s outsize bets in the health care market over the last three years, especially the specialty pharma sector — most notably Valeant Ph♉armaceuticals, which has been a performance kil𝓀ler for many hedge funds.