Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, a person familiar with the matter told Reuters on Tuesday.
The reduction of 2% to 3% of the company's workforce, excluding financial advisers, was aimed at improving operational efficiency, the person said, requesting anonymity.
https://finance.yahoo.com/news/morgan-stanley-cut-2-000-214000387.html
3 week per year. Layoffs happened today.
Who is Ed? If you mean Ted, you’re probably on the list.
2 weeks severance for every year of employment.
It came from the gran pooba!
How did someone confirm the layoff date is the 26th?
The statement that the layoffs must of already happened because the news broke is 100% not true. 26th is the day
Or someone broke the news they shouldn't have. Unless Ed comes to tell us that we fine or I get something in writing. I am not fine.
If someone is expecting a lay off. Is it better to stay at home or work from office?
Usually, impacted employees by the lay off are reached out before the news broke in order to avoid legal complication and mass panic
So if HR/Boss didn’t already reached out, you’re probably fine
i wonder how many for back office and non-US
will this be affecting mostly vps and higher management, and more in front or back office i wonder
What is the standard package for non officers? (Ie 3 weeks for every year of service?)
I am really really worried
needed share price bump