Morgan Stanley gears up for the new decade with job cuts

The US firm is cutting just under 2% of its workforce, a reflection of what could be coming in 2020.

As a new decade begins, analysts and strategists at investment banks around the world are making their predictions for 2020 and for the decade ahead. These are sometimes interesting, occasionally amusing – but it is often wiser to pay attention to what these firms are actually doing, rather than what they are saying.

Morgan Stanley is cutting staff.

News broke in December of 1,500 job losses across its businesses, a proportion being in technology and operational support. It doesn’t seem like a big story.

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