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M Stanley Reportedly Lays Off ~2,500 Employees
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Morgan Stanley (MS.US) will lay off about 3% of its workforce, or approx. 2,500 employees, the Wall Street Journal quoted sources as saying. The layoffs mainly affect the Group's three major divisions, including the investment banking and trading, wealth management and investment management. It is understood that this layoff action is related to adjustments in business and location priorities, as well as employee individual performance. AASTOCKS Financial News Website: www.aastocks.com |
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