Morgan Stanley plans to cut 3,000 jobs – Kommersant
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Morgan Stanley top managers are considering plans to cut 3,000 jobs by the end of June this year. This is reported Financial Times citing sources “familiar with such discussions”.
It is noted that the goal of management is to reduce 5% of jobs. The cuts will be distributed across all departments of the bank, with the exception of the division engaged in private wealth management. The most affected, according to the newspaper, divisions involved in investment banking and work with securities. Currently, the bank employs a total of 82 thousand people.
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