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WCC - Wall Street Breakfast: Morgan Stanley Adds To Year-End Job Cutting Spree
WESCO International Inc.
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Banks are making the biggest round of job cuts in four years as they slash costs to deal with a slowing economy and adapt to digital technology, Bloomberg reports, citing filings and labor unions. Morgan Stanley (MS) is the most recent bank to join the spree, cutting about 1,500 jobs, according to people familiar with the matter. Overall, more than 50 lenders have announced plans