For the last year or so, Morgan Stanley CEO James Gorman has sent a simple message to employees grumbling about compensation: STFU or GTFO. Now, according to Charles Gasparino, the bank may be telling a few employees to GTFO regardless of whether or not they’ve been bitching about pay.

Sources are telling the FOX Business Network that Morgan Stanley CEO James Gorman has put a lid on new hires, and is weighing layoffs. Sources say the firm has imposed an “informal hiring freeze,” and will not be adding staff; it will only replace key positions. The equity and fixed income trading divisions would likely be hit hardest by the layoffs. In January, Gorman will decide whether MS will begin additional job cuts.

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Comments (8)

  1. Posted by Guest | December 12, 2012 at 5:48 PM

    Chawie Gaspowino

  2. Posted by Charles | December 12, 2012 at 5:51 PM

    ARE YOU KIDDING ME YOU LITTLE #@!#..YOU WOULD ONLY SAY THAT ON A PRIVATE MESSAGE BOARD YOU WOULD NEVER SAY THAT TO ME FACE DO YOU KNOW WHO I AM YOU MOTHER ##$##@ THATS WHAT I THOUGHT IM THE CHAZZ AND DONT YOU FCKING FORGET IT

  3. Posted by Gunther | December 12, 2012 at 7:15 PM

    That's the last thing I saw before I was ritualistically abused in every orifice when I was a guest of the Equinox men's steam room.

  4. Posted by Chazzaloser | December 12, 2012 at 10:35 PM

    Hey Chaz…blow me, don't pretend you don't know how to.

  5. Posted by Guest | December 13, 2012 at 7:10 AM

    #FanniePack

  6. Posted by JJ Manahhan | December 13, 2012 at 10:15 AM

    Chazz = Chimp

  7. Posted by TechGlobeX | December 15, 2012 at 6:43 AM

    Its really great info

  8. Posted by chaz | January 8, 2013 at 10:55 PM

    Layoffs have started. Will continue till next Tuesday or till morale improves