Cooley’s significant cuts to its workforce are currently contained to its U.S. ranks, according to a person with knowledge of the situation. 

The Palo Alto-headquartered firm’s U.S. ranks were informed via an email from CEO Joe Conroy on Wednesday that 150 of its U.S. associates and staff were being laid off as a result of previous overhiring. Now the firm is looking to bolster its standing in the face of expected economic headwinds.