Morgan Stanley Could Cut 1,800 Jobs This Month: WSJ
Published at 3:04 PM EST on Feb 2, 2009 | Updated at 4:01 PM EST on Feb 3, 2009
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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