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Morgan Stanley cuts 1,600 jobs as other firms signal slowdown in hiring

Morgan Stanley cuts 1,600 jobs as other firms signal slowdown in hiring

by Brian Pillmore | Dec 9, 2022 | Banks, Business, Financial, News

By: Ken Chase Estimated reading time: 2 minutes U.S. financial firm Morgan Stanley eliminated about 1,600 of its more than 81,000 employees on Tuesday, a roughly 2% reduction in its workforce. According to reports, the cuts were broad-based and impacted nearly every...
DEALMAKING DECLINE FORCES BANKS TO CUT INVESTMENT BANKING JOBS

DEALMAKING DECLINE FORCES BANKS TO CUT INVESTMENT BANKING JOBS

by visbanking | Nov 15, 2022 | Banks, News

By: Ken Chase. Estimated reading time: 2 minutes Bloomberg reported this week that a decline in investment deals has forced banking giant Citigroup to eliminate dozens of trading personnel in its investment banking division. The move comes in the wake of reports that...
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