• 06 Jun 2014 at 11:18 AM

Layoffs Watch ’14: Morgan Stanley

The House of Jim is said to have spent the week telling a bunch of traders to clear out their desks.

Morgan Stanley eliminated trading jobs in fixed income, currencies and commodities in London this week because of tough market conditions, three people with knowledge of the plan said. The dismissals included traders in foreign exchange and liquid flow rates, the people said, asking not to be identified as the details are private. The cuts were made starting June 3, two of the people said. Hugh Fraser, a spokesman for Morgan Stanley in London, declined to comment.

Morgan Stanley Is Said to Cut London Fixed-Income Traders [Bloomberg]

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Comments (9)

  1. Posted by Guest | June 6, 2014 at 11:47 AM

    Sad. No fun being a big swinging dick anymore.

  2. Posted by Guest | June 6, 2014 at 11:59 AM

    FI desk in 2014 < Equities in Dallas '80s

  3. Posted by klhoughton | June 6, 2014 at 6:15 PM

    Does that include the six FX traders they recently hired from CS, or are they the only ones left?

  4. Posted by Guest | June 6, 2014 at 8:33 PM

    What is severance at MS like these days ?

  5. Posted by Little Johnny | June 6, 2014 at 9:13 PM

    GTFO but without STFU.

    – Gorman Death Watch

  6. Posted by Dick Bove | June 6, 2014 at 9:18 PM

    What a surreal thing to be laid off in the midst of the great bull run. The irony of dislocated markets.

  7. Posted by Guest | June 7, 2014 at 9:32 PM

    MS is struggling recent months, the coming was from cost saving, Gorman is not a good leader with business ideas, more talented guys will leave before they lay them off.

  8. Posted by MS retail bank | June 9, 2014 at 10:39 AM

    Short and not sweet..Best guess 1 week per year of service

  9. Posted by Mack Legacy | June 13, 2014 at 9:03 PM

    A pair of Manolo Blahniks and a cannolo
    -Severance Quant