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The Wall Street Journal
Layoffs Hit Morgan Stanley
Morgan Stanley is cutting about 2% of its global workforce, according to a person familiar with the matter. The Wall Street firm is laying off people in Asia, Europe and the U.S. The last time Morgan Stanley made global cuts was in 2019, when it laid off about 2% of its employees. The bank put layoffs on hold at the beginning of the pandemic. CNBC earlier reported on the layoffs. Morgan Stanley added about 20,000 jobs when it bought [discount broker E\*Trade](https://www.wsj.com/articles/morgan-
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