Morgan Stanley and Goldman Sachs are considering further cuts in staff, The Wall Street Journal reported, citing people familiar with the matter.
Morgan Stanley is considering laying off up to 5 percent of its 47,000 employees, while Goldman Sachs is also contemplating further cuts in staff after letting go about 10 percent of its employees late [...]
Morgan Stanley plans to cut about 3 percent to 4 percent of its work force, or up to 1,880 people, as it battles with spiraling costs and slowing business, Reuters reported, citing a person familiar with the matter. The cuts will mo... Read Post
Goldman Sachs may be dusting off the axe. The one-time investment bank, which recently converted to a bank-holding company, is preparing to cut about 10 percent of its 32,500 employees, The Wall Street Journal reported, citing peopl... Read Post