Morgan Stanley cutting jobs due to uncertain global environment: CNBC

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Morgan Stanley is cutting about 2% of its workforce due to an uncertain global e...

FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson

- Morgan Stanley is cutting about 2% of its workforce due to an uncertain global economic outlook, CNBC reported on Monday citing people familiar with the matter. The job cuts will hit technology and operations roles hardest at the Wall Street bank, the report said.Reporting by Bharath Manjesh in Bengaluru; Editing by Shailesh Kuber

 

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As a growing number of stores close and big companies down size, employment numbers reported by the US government paint a rosy picture of the economy. As everyone is positioning themselves for a recession.

But,but, the stock market breaking records

Uncertain global environment. Sounds like one of those things you could say at any time, every.

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