Thread regarding Morgan Stanley layoffs

A few predictions here, I think that the financial service sector with hit a rough patch in the second part of the year. Morgan Stanley will be affected, and we tend to cut and lay people off quite a bit every time when there is any kind of down turn. If you have been around long enough, you know that Morgan Stanley layoffs follow every hick-up on the market and 2015 will be full of hick ups. If you look at what is happening with the energy sector right now you ‘ll notice that many companies are laying people off, and also you had many banks already trim payroll on the mortgage side. Many wealth management functions in all major companies are being made smaller and people are laid off. When it comes to technology, and this includes our technology too, we are shipping jobs overseas and you will see layoffs in the back office groups, finance, IT, procurement, admin, etc.