Morgan Stanley to Cut 3000 Jobs Amid Dealmaking Slump
TL;DR Summary
Morgan Stanley is planning to cut about 3,000 jobs in the second quarter, as slow dealmaking and a tough economic environment are prompting the investment bank to look at its headcount. This is the second round of job cuts in six months for the bank, which had more than 82,000 employees as of March end. The layoff will affect nearly 4% of its staff.
Topics:business#business#economic-environment#investment-banking#job-cuts#market-uncertainty#morgan-stanley
- Morgan Stanley to cut 3000 jobs in second quarter - source Reuters
- Morgan Stanley plans to cut another 3,000 jobs, source says CNN
- Morgan Stanley Plans 3000 More Job Cuts Bloomberg Television
- US live news updates from May 1: JPMorgan to acquire First Republic's deposits, Morgan Stanley to cut 3000 jobs Financial Times
- Morgan Stanley Layoffs: Bank Plans 3,000 More Job Cuts on Dealmaking Slump Bloomberg
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