Dozens of Jefferies employees have tested positive for Covid-19, forcing the Wall Street firm to ask staff to work from home, stop virtually all travel and cancel social events.
"Our priority now is to best protect every one of you and your families," Jefferies CEO Rich Handler and president Brian Friedman wrote in a memo to employees Wednesday.The investment bank said that since the start of December, it has experienced nearly 40 new Covid cases. Tuesday alone saw 10 cases, causing nearly 50 employees to quarantine until they test negative.
Additionally, Jefferies said it will reimpose a mask mandate in all offices and require anyone who wants to enter any office or attend an event to have their booster administered by January 31, unless they are not yet eligible to do so."Effective today, we are canceling all social events and entertainment until January 3rd," the executives said."We will reassess then, and hopefully all will be better. All parties, big client functions and group events are now on pause.
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