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

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fnlondon.com

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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