Jefferies Layoffs (NYC/LDN)?
Anyone can share any update on this? Heard it was across both the NYC and LDN offices. Was it mostly VP/ level or below too?
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Jefferies' business model no longer works in a rising rate environment. They are the most indexed to leveraged finance and sponsor activity, which is going to plummet going forward.
Their rx team is going down too
Additional details for this? Only asking since I was in a process for a lateral move
Didn't a ton of their recent growth come in a rising rate environment
They assumed rates would go back down and hired accordingly. That's no longer the case.
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