Investment bank Morgan Stanley is preparing for a new round of layoffs, according to a new report.
Bloomberg News reported Monday that plans are being discussed to cut about 3,000 jobs worldwide by the end of the quarter, or about 5% of its workforce, excluding financial advisers and their support personnel.Bloomberg News reported Monday that plans are being discussed to cut about 3,000 jobs worldwide by the end of the quarter, or about 5% of its workforce, excluding financial advisers and their support personnel.
It would be the second significant round of layoffs at Morgan Stanley in six months. In December, it cut about 2% of its workforce, or 1,600 jobs. Last year, Gorman said the company was trying to improve efficiencies.
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