Morgan Stanley cuts jobs amid ‘economic uncertainty’

Photo of a Morgan Stanley building. (Provided Photo)

(CNN) — Morgan Stanley is ending the year by cutting hundreds of jobs.

The cuts are being blamed on concerns about economic uncertainty around the world, according to a source familiar with the matter.

The cuts represent more than 2% of the bank’s workforce. Sources say the layoffs will hit technology and operations roles hardest.

The cuts were first reported by CNBC.

Morgan Stanley officials have declined to comment.


Pixel Image