Layoffs Watch '12: Morgan Stanley
Employees within fixed income may need to find room at another inn.
People inside Morgan Stanley are bracing for layoffs in the fixed income department. Sources inside Morgan Stanley say people within the fixed income business are expecting a dramatic downsizing of that business. They are not thinking about a total exit, maybe exiting certain parts of it, spinning those off if they can, but clearly a radical downsizing.
MS Planning Layoffs [FBN]