Morgan Stanley preparing 3,000 more layoffs, Bloomberg reports

Morgan Stanley is planning a new round of workforce reductions amid a renewed focus on expenses as recession worries delay a rebound in dealmaking, Bloomberg’s Sridhar Natarajan reports. Senior managers are going over plans to cut roughly 3,000 positions from the global headcount by the end of this quarter, the author says, citing people with knowledge of the matter. The 3,000 figure would amount to about 5% of staff, excluding financial advisers and personnel supporting them within the wealth management unit, the author notes. Reference Link