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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9 Responses to “Layoffs Watch ’14: Morgan Stanley”

  1. Guest says:

    Sad. No fun being a big swinging dick anymore.

  2. Guest says:

    FI desk in 2014 < Equities in Dallas '80s

  3. klhoughton says:

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

  4. Guest says:

    What is severance at MS like these days ?

  5. Dick Bove says:

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

  6. Guest says:

    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.