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>>

  • Massive emergency drill in New York City

    Massive emergency drill in New York City

    Friday, August 1 2014 7:59 AM EDT2014-08-01 11:59:11 GMT
    The New York City Department of Health will be conducting a massive emergency preparedness drill at 30 facilities across the city on Friday.  They are testing the delivery of emergency medications in the event of a biological attack, such as anthrax, on the city.
    The New York City Department of Health will be conducting a massive emergency preparedness drill at 30 facilities across the city on Friday.  They are testing the delivery of emergency medications in the event of a biological attack, such as anthrax, on the city.
  • Contract talks in Met Opera labor dispute extended

    Contract talks in Met Opera labor dispute extended

    Friday, August 1 2014 5:55 AM EDT2014-08-01 09:55:06 GMT
    A federal mediator is on her way to New York to try to resolve a labor faceoff at New York's Metropolitan Opera.
    New York's Metropolitan Opera says labor talks with its unions have been extended for an additional 72 hours, averting a threatened midnight lockout.
  • New York's smallest piece of private land

    New York's smallest piece of private land

    Friday, August 1 2014 5:45 AM EDT2014-08-01 09:45:15 GMT
    The Hess triangle is a tiny piece of private property in Greenwich Village. Manhattan historian Joyce Gold explained the origins of the property: After World War I, New York City seized a beautiful residence and tore it down so it could extend Seventh Avenue and the west side subway below it. The city left the building's owner only a tiny scrap of property so small it requested he donate the triangle to make way for a sidewalk. The man refused, took the city to court and won.
    The Hess triangle is a tiny piece of private property in Greenwich Village. Manhattan historian Joyce Gold explained the origins of the property: After World War I, New York City seized a beautiful residence and tore it down so it could extend Seventh Avenue and the west side subway below it. The city left the building's owner only a tiny scrap of property so small it requested he donate the triangle to make way for a sidewalk. The man refused, took the city to court and won.
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 | Terms of Service | Ad Choices