Morgan Stanley, Like Rivals, to Make Deep Job Cuts

NY Times – It is a year to forget on Wall Street. The final few months of 2011 have been a painful period of layoffs and cost-cutting in the finance industry, and it continued on Thursday, as Morgan Stanley announced that it would eliminate 1,600 jobs, or 2.6 percent of its work force, by the first quarter of 2012. Read Article

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