UBS - Morgan Stanley To Slash Jobs In Asia-Pacific Region: Report | Benzinga
Morgan Stanley (NYSE:MS) reportedly plans to initiate workforce reductions in the Asia-Pacific region and intends to cut approximately 50 jobs, primarily in Hong Kong and China.
These reductions represent about 13% of the region’s bankers, excluding Japan.
Over 40 individuals in Hong Kong and mainland China are expected to be affected by the layoffs and the final scale and timing of these cuts may vary, according to a report from Bloomberg.
The report further noted ...