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18.10 - 09:45
Morgan Stanley boss James Gorman: ‘We’re looking at head count’
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fnlondon.comMorgan Stanley chief executive James Gorman said the marquee investment bank is studying potential job cuts as the latest big financial institution to look for ways to reduce costs headed into an expected economic slowdown.
“Obviously we’re looking at head count,” Gorman said on the firm’s conference call with analysts on 14 October, according to a transcript from FactSet. “You’ve got to take into account the rate of growth we’ve had until the last few years, and we’ve learned some things during Covid about how we can operate...
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