Morgan Stanley Could Cut 1,800 Jobs This Month: WSJ
Morgan Stanley may announce layoffs this month that could claim between 1,500 and 1,800 jobs, the Wall Street Journal reported.
Such cuts would account for about 3 percent to 4 percent of the Wall Street firm's work force, the newspaper reported, citing a person familiar with the matter.
Morgan Stanley cut about 7,000 positions in 2008. The Journal reported about possible job cuts at the firm last week.
Shares of Morgan Stanley (NYSE: ms) were up more than 1 percent Monday.
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Published at 3:04 PM EST on Feb 2, 2009 | Updated at 4:01 PM EST on Feb 3, 2009