Morgan Stanley's Firings Are Going Well

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Morgan Stanley never called to answer our question as to whether or not it was putting off today’s scheduled layoffs until tomorrow or even next week, but apparently things are going as originally planned, with the bank eliminating 300 jobs this morning. The cuts are mostly from fixed-income, equities and
investment banking (about 200 jobs in the U.S., the rest in Europe), and are said to include senior personnel (David Warren, a managing director*) and a handful of plebes. We’ll let you know about the important stuff (pro-rated bonuses?) as it comes. (Want to speed things along? You know where to find us.)
*which sources, though not spokepeople, at MS confirmed as of 11:55 a.m.
Morgan Stanley Firing 350 I-Bankers Today [Silicon Alley Insider]
Morgan Stanley to cut 300 trading, credit jobs [Reuters]

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