Author: LUCAS JACKSON | Reuters
The financial services company saw its profit fall by 19% in the first three months of 2022
Financial services and investment company Morgan Stanley plans to lay off 3,000 workers before the end of June, the specialized channel CNBC reports. CNBC, citing a person close to these plans, points this out These layoffs will affect 5% of the investment bank’s workforce, and will not include financial advisors or support staff.
Last December, he already fired 1,600 of the 81,567 employees he had at the time.
This measure occurs in a general environment of layoffs of large companies and shortly after the publication of the results of the first quarter, in which Morgan Stanley realized a net profit of 2,980 million dollars (2,717 million euros), 19% less than in the first three months of 2022.
Between January and March of this year, Morgan Stanley invoiced $14.517 million, which is a 2% decrease compared to the previous year. So far this year, the company’s shares are up 3.42%.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
