Companies

Morgan Stanley to Furlough 300

CNBC.com
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Financial services giant Morgan Stanley is laying off 300 workers in the wake of difficulties from the recent market turmoil.

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Layoffs at Morgan Stanley

The company plans to cut the jobs in its structured products, mortgages and credit rating businesses. Two-thirds of the layoffs are expected to come in U.S. operations, with close to one-third in Europe and a few in Asia.

No further cuts are expected.

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