Technology

Morgan Stanley To Fire 25% Of Its Fixed-Income Staff Due To Revenue Declines, Insufficient Returns

Morgan Stanley, a multinational financial services corporation, is reportedly laying off 25 percent of the company’s fixed-income staff following years of revenue declines and insufficient returns in spite of increasing shares. According to the sources knowledgeable of the plans, the workforce reduction will be across regions and are set to take place in the next two weeks.
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