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 [...]
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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
Citigroup and Morgan Stanley will in the next few weeks announce plans to authorize or repurpose shares so they can have enough stock to compensate employees, The Wall Street Journal reported, citing people familiar with the matter.... Read Post