Breaking news from Bloomberg Added Reuters: https://www.reuters.com/business/finance/morgan-stanley-plans-3000-more-job-cuts-bloomberg-news-2023-05-01/
Ask Morgan to not do it
I’ve been told that Stanley is a better guy. So ask him.
Stanley is always 2nd. in everything.
When do we get out of this horror
2024 - things are always rosy in election year
I think if we make it through the rest of 2023 and still hand jobs we’ll be ok.
What about on the tech side
Tech and ops will be in another bigger restructuring round
Damn I just got a job offer as a new grad hopefully I don’t get cut lol. Time to apply for more jobs now for backup I guess
Non-Paywall link pls. Too poor for Bloomberg's subscription with 🥜 TC
Gorman will have his wish fulfilled soon. 5 days in office
Layoffs is the flavor of the year for 2023. I will be surprised if any company is left with 0 layoffs by the end of the year.
"softening the labor market" is exactly what they wanted.
Didn't they just say that they are going to hire around the same number?
What is this about a 17% cut?
Wish they would use this opportunity to get rid of the lazies and unproductives. But they won't do that.
Bankers. No IPOs, no M&A, nothing