February 2, 2009

Morgan Stanley plans to cut 1,880 jobs

According to Reuters, CNNMoney: “U.S. bank Morgan Stanley plans to cut about 3% to 4% of its work force, or up to 1,880 people, as it battles with spiraling costs and slowing business, according to a person familiar with the matter.”

  • Morgan Stanley had a total of 46,964 employees at the end of November, according to a filing with the U.S. Securities and Exchange Commission.

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