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Morgan Stanley sheds jobs

Morgan Stanley sheds jobs

(4 February 2008 – UK) US investment bank Morgan Stanley is reportedly about to slash some 150 back office jobs from its London office as the credit crunch starts to bite. Morgan Stanley said it was engaged in an ongoing process of assessing its staffing needs in light of overall market conditions, business priorities and individual performance.

The bank said this process involved cutting staff in some areas.

Morgan Stanley plans to shed 1000 staff overall.
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