Morgan Stanley May Eliminate 580 Jobs in New York City
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Morgan Stanley, the bank whose shares have declined 44 percent this year, said in a filing today that 580 of the 1,600 job cuts announced earlier this month may come from New York City.
“Rolling layoffs” began Dec. 15, the New York-based firm said in a submission to the state’s Labor Department. Affected locations include 1221 Avenue of the Americas, 1 New York Plaza, 1585 Broadway and 750 Seventh Ave., the filing shows.