Morgan Stanley is planning to get rid of about 10% of its brokers, which is about 1,000 jobs. The firm is trying to weed out an brokers that aren't up to its standards according to acting president Zoe Cruz. Morgan Stanley has about 10,500 brokers right now and plans to cut new trainees to 1,000 next year from 2,400 this year. The firm said, however, that it will continue to hire experienced brokers.
murdok. Visit murdok for the
Suggest a Correction
Found an error or have a suggestion? Let us know and we'll review it.
No comments yet. Be the first to comment!