Morgan Stanley will cut 1,600 jobs early next year - BusinessWeek: "Morgan Stanley will cut about 1,600 jobs across all levels of company, becoming the latest bank to slash payrolls against a backdrop of extreme volatility in financial markets.
The cuts, which amount to 2.6 percent of the bank's workforce, will be made in the first three months of 2012, a spokesman for the New York investment bank said Thursday. The bank had more than 62,000 employees as of the end of September."
'via Blog this'
Thursday, December 15, 2011
Morgan Stanley will cut, but the CEO will be banking on a big bonus
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment