Morgan Stanley cuts jobs-CEO
2022.12.01 11:27
Morgan Stanley cuts jobs-CEO
Budrigannews.com – Morgan Stanley is reducing the number of employees worldwide, said Chief Executive James Gorman, who was interviewed at the NEXT conference in New York.
This arises against the background of the fact that the central bank is tightening its monetary policy. Gorman said, “Some people will let go,” without specifying their number.
We make small cuts all over the world. After years of expansion, that’s what most businesses are doing.” Companies refuse to make deals and place shares, because US growth continues to grow at a level significantly exceeding the Central Bank’s goal of 2 times.
Investment companies such as MorganStanley, which earned billions in consulting fees last year amid limited market optimism, have felt the consequences. Other companies located on Wall Street, for example, the investment banking company Goldman Sacks Group Inc. (Goldman Sacks Group Inc.) and a large borrower, also reduced the number of jobs last year.
