Sources: Morgan Stanley expects another round of global layoffs in coming weeks

According to Reuters, citing sources, Morgan Stanley is expected to start a new round of layoffs around the world in the next few weeks. Due to rising inflation and economic recession, the dealmaking business has been hit. The final decision on the size of the layoffs has not yet been made. out. Morgan Stanley had 81,567 employees worldwide at the end of the third quarter, according to a company filing. Foresight News previously reported that Morgan Stanley recruited product managers focused on building new encryption products in August.