In the aftermath of MF Global’s filing for bankruptcy protection Monday, many of the beleaguered broker-dealers’ employees are no longer coming into the office, Reuters’ Lauren Tara LaCapra reported.From Reuters:
Because MF Global is banned from putting on new trades by major exchanges, much of its workforce has been idle since the firm filed for Chapter 11 bankruptcy protection on Monday.
A commodities trading adviser Reuters spoke with said he’s received a bunch of “out of office” email responses from several of the firm’s employees. He added that some employees are working from home because they don’t see the point of coming into the office.
What’s more is recruiters have seen a massive influx of resumes from MF Global employees scrambling to find employment at another firm.