Find Your Daily Voice
68°
Morgan Stanley Cutting Jobs Due To Uncertain Global Environment, Report Says
Wall Street giant Morgan Stanley will be cutting hundreds of jobs due to an “uncertain global economic outlook,” according to a new report.
Morgan Stanley will be cutting approximately 1,500 jobs - roughly 2 percent of its workforce - impacting employees in technology, operations, sales trading, and research. The New York-based bank currently employees more than 60,000 people.
According to CNBC, in October, Morgan Stanley posted third-quarter profit and revenue figures that beat analysts’ expectations. The company produced $10.1 billion in revenue, exceeding analysts’ estimates by appr…
