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Morgan Stanley begins cutting 1,600 staff
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fnlondon.comMorgan Stanley began cutting about 2% of its global staff on 6 December, or about 1,600 employees, according to a person with knowledge of the cuts who didn’t want to be identified.
The move follows remarks by chairman and chief executive James Gorman at last week’s Reuters Next conference, when he said people were going to be let go.
“We’re...
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