1,500 to be cut. At least their upfront. https://www.foxbusiness.com/markets/morgan-stanley-layoffs-coming
12 replies (most recent on top)
Youtube for fake economics... love it LOL. Economy is on fire and unemployment, full employment and labor force participation have all been measured exactly the same way for over 60 years. It’s called cutting the Federal Register to eliminate job k–ling nonsense regulations, using our national resources to become energy independent and eliminating industry k–ling trade agreements.
Lol, the jobs are definitely there because I got out and made 50% more and so did my other colleagues who got certificates and moved on. Provided you didn't spend your entire time in some bs role/dept at bny and rendered yourself obsolete.. Then I can understand why people are whining here. Get a city job if you want to be rewarded for being old or stagnant
See, so BNY is not the only bad boy on Wall St.
Rumours are Morgan Stanley Board joins BONY to replace some of the heads here
It was a rhetorical question...Forget about 25 years in finance field, just do a search what positions are available in NYC and everything becomes very clear
The highest cat of new jobs was in medical for health aides (function of people getting real old and staying in their houses) and teachers of all levels, again a function of people having kids.
Wall street celebrates the job gains, yet they are laying off like crazy cause they know how phony the job numbers are and economic growth is no better today then 3 years ago.
to 1pix ... look on youtube, there are several videos with economists explaining these phony numbers. For example last week's job numbers included GM workers that returned from their strike. As to the percentage, large numbers of people have just dropped out of the work force (myself included) so they're not counted. Almost most jobs are low paying service jobs.
And don't forget those awesome tax cuts that companies got to bring back cash!!
Corporate America s*cks
Worked for this company after BNYM, the same mess, BTW how great unemployment numbers can be explained, I still don’t understand ...
Main thread
Their board is on fire (almost all of the cuts are in NYC) –
or
https://www.thelayoff.com/morgan-stanley