There are so many people (senior staff, to be more precise) at Jefferies who contribute little to nothing to our bottom line and yet they are paid the big bucks. There is a whole level that could be cut and we wouldn't feel it at all.
Of course, when it's time for layoffs they're the ones who are safe. Why? They should be the logical step if cost cutting and profit growing is really the main goal. But they never are.
Not that I'm surprised. We have been drifting without proper long-term focus for a long time now, and this would require some long-term thinking. No, our leadership is satisfied with things as they are right now - there is no ambition to actually achieve something better.
With leadership like this, no wonder morale among employees is down and keeps getting worse...