5% More Going Going Gone!!!!
Has anyone noticed layoffs are now being announced as a percentage of total workforce?????
Morgan Stanley to Reduce Headcount by 5% in Rest of Fiscal 2008
By Christine Harper
May 5 (Bloomberg) -- Morgan Stanley, the second-biggest U.S. securities firm, plans to reduce its headcount by 5 percent during the rest of fiscal 2008.
The job cuts were confirmed by Mark Lake, a spokesman for the New York-based company. Morgan Stanley had about 48,000 employees as of the end of November.