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todayonline - 8 days ago

Morgan Stanley promises no job cuts in 2020 as coronavirus crisis grows

Morgan Stanley lt;MS.N gt; pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to reassure employees worried about their jobs during the coronavirus pandemic. The contents were confirmed by a Morgan Stanley spokesman. While long term we can t be sure how this will play out, we want to commit to you that there will not be a reduction in force at Morgan Stanley in 2020, Chief Executive Officer James Gorman said in the note. REUTERS


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