Morgan Stanley is Cutting Jobs
Posted on 12/09/2019
New York-based Morgan Stanley disclosed it plans to cut around 1,500 jobs globally, which includes several managing directors. The job cuts are weighted toward technology and operations divisions, but also include executives in sales, trading and research operations. The job cuts are about 2% of the company’s total workforce.
Morgan Stanley continues to make efforts in its wealth management business, to help deliver more stable revenue versus sales and trading revenue.
