Morgan Stanley Axes 1,500 Jobs Amid Uncertain Global Economic Outlook
Topline: After posting strong third-quarter earnings, Wall Street firm Morgan Stanley will reportedly cut 2% of its workforce—about 1,500 jobs—as part of a year-end streamlining effort spurred by an uncertain global growth outlook and a need to manage compensation expenses. What to watch for: Other firms that might announce cuts.
News story posted on 2019-12-09T21:22:00.0000000Z
