Morgan Stanley cuts about 2% of its workforce - source

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Morgan Stanley cuts about 2% of its workforce - source
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Morgan Stanley has cut about 2% of its workforce, a source familiar with the company's plans said on Tuesday.

. The bank had more than 81,000 employees worldwide as of Sept. 30, according to a quarterly filing.

While financial advisers in Morgan Stanley's wealth management division are not being let go, there will be job cuts in the unit, the source said.Reporting by Saeed Azhar in New York and Mehnaz Yasmin in Bengaluru; Editing by Shounak Dasgupta

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