Jefferies’ execs are ‘not looking for reasons to shrink’ as banking layoffs loom

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Jefferies' boss said the investment bank is "not looking for reasons to shrink", but did not rule out layoffs for its employees as more banks are set to cut back after a sharp downturn in fees.In a letter to employees, chief executive Rich Handler and chairman Brian Friedman said the firm "remains on high alert for great talent" after an expansionary period for the independent investment bank.Jefferies...

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