Soon-To-Be Laid Off Morgan Stanley Employees Have Investors To Thank For Newfound Time On Their Hands

In particular those from Moore Capital, JP Morgan Asset Management, and Epoch Investment Partners.
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Presumably they'll be sure to send said investors something extra-special for the holidays this year.

Morgan Stanley’s decision to cut hundreds of jobs in its fixed-income division followed a series of meetings with shareholders in which they questioned why the firm hadn’t moved more aggressively to shed costs in the division, according to people familiar with the matter. In one-on-one discussions and a series of group meetings arranged by analysts, money managers from firms such as Moore Capital Management LP, J.P. Morgan Chase & Co.’s asset-management arm and Epoch Investment Partners Inc. peppered Morgan Stanley executives with questions starting in late October on why it hadn’t cut expenses despite few signs of a fixed-income revival, the people said.

Morgan Stanley Investors Pushed for Cost Cuts [WSJ]

Earlier: Layoffs Watch ’15: Morgan Stanley To Part Ways With 25% Of Fixed-Income Employees

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Layoffs Watch '12: Morgan Stanley

The House of Gorman will be saying good-bye to a few thousand Little Jims before year-end. Chairman and Chief Executive James Gorman said the firm's work force at year-end will fall 7% from 2011, reflecting previously announced layoffs as well as the firm's efforts in applying "a high bar for replacing attrition." The forecast implies a reduction of more than 4,000 jobs from the firm's global headcount of 61,899 at Dec. 31. Last winter, Morgan Stanley announced 1,600 job cuts spread across its businesses, which was its largest such cutback since late 2008 and early 2009. The firm completed roughly 4% to 5% of those cuts in January and will complete an additional 2% to 3% by the end of 2012, a spokeswoman said. Morgan Stanley Expects 7& Cut In Its Workforce [WSJ]

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]