Morgan Stanley to cut 1,500 jobs
News by Editorial Team 10 Dec 2019
Reports from Bloomberg indicate that Morgan Stanley is cutting 1,500 jobs globally, to increase the efficiency of the company. Job cuts, amounting to 2% of the firm’s workforce, will take place across technology and operations divisions, as well as sales, trading, and research operations. Reportedly, the bank will incur a charge of $150 million to $200 million in the fourth quarter due to job cuts.