Mitsubishi UFJ Morgan Stanley to cut up to 1,300 jobs
Mitsubishi UFJ Morgan Stanley Securities Co. will cut up to 1,300 jobs, or about 20% of its workforce, through its second early retirement scheme this year, a person familiar with the matter said Monday, as the brokerage looks to deepen cost cuts amid tough market conditions.
Morgan Stanley plans to cut 1,600 jobs in its investment banking unit, roughly 6% of staff in that unit, with employees being informed about job losses beginning this week, a person familiar with the matter said on Wednesday.