https://www.cnbc.com/2023/05/02/wall-street-layoffs-morgan-stanley.html
- Morgan Stanley plans to eliminate roughly 3,000 positions by the end of June, according to a person with knowledge of the plans.
- That equates to roughly 5% of the New York-based bank’s workforce when excluding the financial advisors and support staff who will be spared in the cuts, the person said.
- In recent weeks, big bank peers including Citigroup and Bank of America and smaller advisor Lazard have cut jobs or announced plans to do so.
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