Morgan Stanley layoffs: Global investment advisory firm lays off about 1,600 employees amid global economic meltdown
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Global investment advisory firm Morgan Stanley has cut about 2 per cent of its global workforce, or about 1,600 employees, amid the global economic meltdown, the media reported. The layoffs, first reported by CNBC citing sources, came after Morgan Stanley CEO James Gordon recently warned that "some people are going to be let go.