Bloomberg reports that the cuts total about 6% of the New York-based company’s investment bank and support staff, the person said, asking not to be identified because the decision hasn’t been made public.
About half the reductions will be in the U.S. and the rest will affect international employees, the person said.
Hit the link below to access the complete Bloomberg article:
Morgan Stanley Said to Cut 1,600 Investment-Banking Jobs
The Alchemists: Three Central Bankers and a World on Fire
Hubris: How HBOS Wrecked the Best Bank in Britain
