Financial Times FT.com

For job losses, read ‘dynamic rightsizing’

By Brooke Masters

Published: December 15 2008 22:21 | Last updated: December 15 2008 22:21

When is a redundancy not a redundancy?

When it is a “change designed to restore profitability” and involves slashing 18 per cent of the workforce, as Jefferies Group did in early December.

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