US EditionMajor Wall Street firm plans to lay off thousands of employees
- Morgan Stanley plans to lay off about 2,000 employees later this month, which is approximately 2.5% of its workforce of over 80,000 employees, according to a person familiar with the matter.
- The layoffs are intended to improve operational efficiency and are not related to current market conditions, according to the same source.
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Morgan Stanley to lay off about 2,000 employees to trim costs: Source
Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter told Reuters on Tuesday (Mar 18). The reduction of 2 per cent to 3 per cent of the company's workforce, excluding financial advisers, was aimed at improving operational ef
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Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
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