Jefferies Financial Group on Wednesday cancelled all client parties and most travel plans globally, asking employees to work from home where possible due to a spate of COVID-19 cases.
A person rides a bicycle past a mobile coronavirus disease vaccine clinic during the spread of the Omicron coronavirus variant in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kellyon Wednesday cancelled all client parties and most travel plans globally, asking employees to work from home where possible due to a spate of COVID-19 cases.
The memo requested employees to work from home where possible and announced the cancellation of all travel except the most essential, unless pre-approved.Jefferies is headquartered in New York and also has offices in Asia and Europe. The bank has felt the impact of COVID-19 particularly severely. Chief Financial Officer Peg Broadbent died due to coronavirus complications in March 2020.
"That is why, with only a very few exceptions, most of our new cases have not required hospitalization," he said. U.S. banks have been more assertive than other industries in encouraging employees back to the office. Senior bankers such as Goldman Sachs Chief Executive David Solomon and Morgan Stanley Chief Executive James Gorman have spoken of the benefits of in-person interaction, particularly for younger employees.
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