Morgan Stanley job cuts - DC News FOX 5 DC WTTG

Morgan Stanley job cuts

Posted: Updated:
NEW YORK (MYFOXNY) -

Morgan Stanley is planning to eliminate 1,600 jobs in the coming weeks, a person close to the situation told the AFP on Wednesday.

Half the job cuts will occur in the United States and half in the bank's international operations, the source reportedly said.

The WSJ reported that the cuts would equal 3% of the firm's staff with an emphasis on cutting senior employees.

Morgan Stanley is the sixth-largest U.S. bank.

It reportedly plans to inform affected employees over the coming weeks.  It cut its headcount by 7% last year.

  • Manhattan NewsManhattan NewsMore>>

  • Is NYC the most unhappy city in America?

    Is NYC the most unhappy city in America?

    Wednesday, July 23 2014 10:29 AM EDT2014-07-23 14:29:16 GMT
    When researchers in Canada and Harvard University examined the results of a survey that asked “In general, how satisfied are you with your life?” they found that New York City is the unhappiest city in the country. The data compiled by the Centers for Disease Control and Prevention found that Pittsburgh, Louisville, Milwaukee and Detroit round out the list.
    When researchers in Canada and Harvard University examined the results of a survey that asked “In general, how satisfied are you with your life?” they found that New York City is the unhappiest city in the country. The data compiled by the Centers for Disease Control and Prevention found that Pittsburgh, Louisville, Milwaukee and Detroit round out the list.
  • New York adults gather for skipping club

    New York adults gather for skipping club

    Tuesday, July 22 2014 10:36 PM EDT2014-07-23 02:36:57 GMT
    Meet one fitness class that's spreading positivity and shedding pounds by skipping in a skipping club. Michelle Joni is the group's founder. She came up with the idea when she was heading to get a manicure and it was so cold she started skipping to stay warm.
    Meet one fitness class that's spreading positivity and shedding pounds by skipping in a skipping club. Michelle Joni is the group's founder. She came up with the idea when she was heading to get a manicure and it was so cold she started skipping to stay warm.
  • Manhattan West Project

    Skyline of West Side is changing

    Skyline of West Side is changing

    Tuesday, July 22 2014 6:25 PM EDT2014-07-22 22:25:22 GMT
    The Manhattan West Project is a $4.5 billion development that will change the skyline on the West Side. The five-acre site that will consist of office towers, a residential building, retail, a 5-star hotel, health and fitness facilities, rooftop gardens, restaurants, cafes, and a park is being built on top of active rail yards. Fox 5 got a look at the progress of the project.
    The Manhattan West Project is a $4.5 billion development that will change the skyline on the West Side. The five-acre site that will consist of office towers, a residential building, retail, a 5-star hotel, health and fitness facilities, rooftop gardens, restaurants, cafes, and a park is being built on top of active rail yards. Fox 5 got a look at the progress of the project.
Powered by WorldNow

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices