Morgan Stanley job cuts - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

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>>

  • Pranna to end 'boozy brunch' after viral video

    Pranna to end 'boozy brunch' after viral video

    Wednesday, August 27 2014 11:10 PM EDT2014-08-28 03:10:44 GMT
    Video posted on YouTube showing young women and men who appear to be stumbling and drunk coming out of the restaurant Pranna in the flatiron district is why angry residents packed into a community meeting to complain Wednesday night. Neighbors say problems have been happening on Saturdays and Sundays during a so-called bottomless brunch, where patrons can drink as many drinks as they want in a two-hour period.
    Video posted on YouTube showing young women and men who appear to be stumbling and drunk coming out of the restaurant Pranna in the flatiron district is why angry residents packed into a community meeting to complain Wednesday night. Neighbors say problems have been happening on Saturdays and Sundays during a so-called bottomless brunch, where patrons can drink as many drinks as they want in a two-hour period.
  • NYC's secret access for celebrities

    NYC's secret access for celebrities

    Wednesday, August 27 2014 11:07 PM EDT2014-08-28 03:07:59 GMT
    A little bit of money, power and fame can unlock a whole world of hidden passageways and detours allowing stars to come and go discreetly. Seth Weisser has perfected private shopping inside his Soho vintage boutique What Goes Around Comes Around. Celebs slip in through the side door and descend into the vault. But the upper floor isn't too shabby either, featuring hundreds of rare Chanel and Hermes handbags.
    A little bit of money, power and fame can unlock a whole world of hidden passageways and detours allowing stars to come and go discreetly. Seth Weisser has perfected private shopping inside his Soho vintage boutique What Goes Around Comes Around. Celebs slip in through the side door and descend into the vault. But the upper floor isn't too shabby either, featuring hundreds of rare Chanel and Hermes handbags.
  • Sister of Boston bomb suspect arrested

    Sister of Boston bomb suspect arrested

    Wednesday, August 27 2014 9:46 PM EDT2014-08-28 01:46:05 GMT
    The NYPD arrested Ailina Tsarnaeva, the sister of Boston bombing suspect Dzhokhar Tsarnaev, for allegedly threatening to bomb a New York City woman, a police official confirmed. Tsarnaeva, of North Bergen, N.J., is accused of calling a woman Monday and warning her to stay away from her and her boyfriend, the woman's ex, sources told the New York Post.
    The NYPD arrested Ailina Tsarnaeva, the sister of Boston bombing suspect Dzhokhar Tsarnaev, for allegedly threatening to bomb a New York City woman, a police official confirmed. Tsarnaeva, of North Bergen, N.J., is accused of calling a woman Monday and warning her to stay away from her and her boyfriend, the woman's ex, sources told the New York Post.
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

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