logo
Plus   Neg
Share
Email

Morgan Stanley Reportedly To Cut About 1,500 Jobs

Morgan Stanley (MS) is cutting about 1,500 jobs or 2% of its workforce due to an uncertain global economic, according to several media reports citing people familiar with the matter.

The Job cuts will be in technology and operations units, the reports said

The company plans to take a charge up to $200 million because of the layoffs, the reports said.

Morgan Stanley had about 60,500 employees at the end of September.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
Follow RTT