Morgan Stanley Plans To Lay Off 1,600 Employees

Value Walk ^ | January 9, 2013 | Marie Cabural

[2ndDivisionVet]

Morgan Stanley will cut its workforce by 1,600 in the coming weeks. The job cuts will affect all levels of employees in its investment banking and trading unit in both its United States and international divisions, according to a source.

Morgan Stanley (NYSE:MS), one of the leading banks in the United States plans to cut the number of its employees within its investment banking and trading division by 6 percent or 1,600 in the next few weeks, according to report from Bloomberg, citing an unidentified source familiar with the issue.

According to the source, 50 percent of the workforce reduction will come from the United States and 50 percent will come from the company’s international offices. The job cuts will affect all levels of employees.

The person who revealed the information requested his name not to be identified because the Morgan Stanley’s decision regarding the layoffs was not yet announced to the public.

The source said, the company is planning on sending notices to all the employees affected by the job cuts today and over the coming weeks...

[albie]

They can all work for the EPA or IRS as they expand!

[Red Badger]

Happy New Year, Obama Voters!.......................

[Darksheare]

Unpossible, UmmmBama said the economy was recovering.
/ sarc.

[avalonmistmoon]

Believe me when I say most of us didn't vote for Zerobama as we are the fat rich cats...the bad guys. I work for MS. And I do get upset some times when the comments about Wall Street are critical. There are good people, middle class people, who like(me) making just $50,000 a year, struggling and we're label fat, rich cats. We pay taxes, work hard like everyone else. But enough on my soap box. I cried with Zerobama got elected and I am scared about our country future.

[mykroar]

See!! Zer0 told us the economy was fixed. /sarc

[Red Badger]

You can be sure of only your vote, and not really sure about that.................

[Cicero]

One of my former students worked for Morgan Stanley for years, before she got laid off some years ago. She made a living wage, but not much more than that. The real fat cats who run things don’t get laid off.

[silverleaf]

obama has done a terrific job of turning Americans against each other in envy, anger, and contempt

Some here spew this crap because they envy higher incomes, distrust and disrespect professionals among their very neighbors and communities. Their comments make the Archie Bunker stereotype look like a high brow

the banks and financial industries, and professions such as yours represent hard working Americans who have been- should be - in the back bone of our future growth and success as a nation and a society

I hope it works out OK for you and yours

[YankeeReb]

The real fat cats who run things don’t get laid off.

True, and they, in large part, supported "The Won"

[KeyLargo]

January Announced Layoff Total (Est.) - 12,732

January 11 , 2013

Honda ( International ) - 800

American General - to Complete Layoffs

Orleans Community Health - 25

The Maine-Endwell school - 9

Lorain County Children Services OH - 14

Campbell Soup Co. plant in Sacramento
CA - 290

Boeing El Paso - 160

Hudson Valley Community College NY
up to 30

The Newseum in Washington - 16

Zacky farms - Layoffs to Begin Soon

Many performing arts groups - Face Layoffs

Charlotte Contract Finance Workers -
Several Hundred

http://www.dailyjobcuts.com/