Morgan Stanley layoffs: "Everyone here is scared"

Posted by PSR_AXP 5 mths ago

It's been a week since Morgan Stanley announced that it plans to cut 3,000 jobs, and so far it seems that no one in the bank has heard anything about who will be impacted.

The waiting is excruciating.
"Everybody is worried," says one London analyst in Morgan Stanley's investment banking division. "If 3,000 people are going with a focus on sales and trading and IBD, then literally every level will be impacted and literally every team. There aren't that many of us."
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