Morgan Stanley’s CEO Vows No Cuts to Bank’s Workforce in 2020
- Gorman offers no assurances about jobs beyond this year
- About 90% of Morgan Stanley employees are working from home
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Morgan Stanley won’t cut its workforce this year even as the coronavirus pandemic sends markets into turmoil.
Chief Executive Officer James Gorman told employees in a memo Thursday that the bank will take stock at the end of the year after central banks and governments have time to try to stabilize the economy.