07-12-2022, 12:41 PM
PUBLISHED TUE, DEC 6 202212:47 PM EST UPDATED TUE, DEC 6 20222:38 PM EST
Hugh Son
https://www.cnbc.com/2022/12/06/morgan-s...-say-.html
Hugh Son
- Morgan Stanley about 2% of its staff on Tuesday, according to people with knowledge of the layoffs.
- The moves, reported first by CNBC, impacted about 1,600 of the company’s 81,567 employees and touched nearly every corner of the global investment bank, said the people, who declined to be identified speaking about terminations.
- At the New York-based firm, known for its massive wealth management division and top-tier trading and advisory operations, financial advisors are one of the few categories of workers exempt from the cuts, according to the people.
https://www.cnbc.com/2022/12/06/morgan-s...-say-.html