Significant Layoffs / Cuts Rumoured JEF London

Bit of a weird one, but heard indirectly that JEF London are looking to trim a decent amount. Not 100% sure on the veracity - anyone else heard the same? HC, M&A and TMT teams.

Weird because most of my friends there seem to be at capacity.

 

No clue at all. Obviously lots of other banks are cutting and macro outlook is crap so probably not bad to operate on the assumption they will regardless

 

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