Rumors began to circulate late last year that Jefferies could be acquired by a large bank, something that would surely result in layoffs. “When banks buy other banks, people lose their jobs,” said Richard Lipstein, managing director at executive search firm Gilbert Tweed Associates. “If you look at a sale of an investment bank, this is as close to perfect as it gets.” Leucadia, often compared to Berkshire Hathaway for its diverse set of holdings, already owns a 28% stake in Jefferies, meaning it intimately knows the firm and its culture, and believes in its direction, Lipstein said…As for layoffs, “there likely won’t be any,” said one headhunter who works with Jefferies and requested anonymity. “Now they’ll have a stronger balance sheet, and the ability to pick up slack where other firms have left off,” said the recruiter. [eF, earlier]

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  1. Posted by Jefferies MD | November 12, 2012 at 4:04 PM

    Lasciate ogne speranza, voi ch'intrate… layoffs or not….

  2. Posted by HAM05 | November 12, 2012 at 4:32 PM

    no layoffs, but they are changing the name to 'Geoffrey's'

  3. Posted by VonSloneker | November 12, 2012 at 4:54 PM

    Yeah, we're famous for not changing a thing when we buy a company…

    - Warren B.

  4. Posted by Headshunter | November 12, 2012 at 6:02 PM

    So we have the word of a headhunter that there won't be any layoffs. I'm impressed. Certainly all the headhunters I know are credible sources of information and not prone to talk complete bollocks all the time.

  5. Posted by HungryIntern | November 12, 2012 at 7:59 PM

    If Leucadia does as well as I did the first time I bought an investment bank, I am sure they will dream of happier days.

    ~ Uncle Warren