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Morgan Stanley to sack 3,000 employees in second round of job cuts: Reports

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Image Credit: finance.yahoo

Morgan Stanley is reportedly planning to begin layoffs. According to multiple reports, as many as 3,000 employees of Morgan Stanley would be laid off. This is second round of layoffs in Morgan Stanley. The bank had more than 82,000 employees as of March end and 4 percent of the staff will be affected by the fresh round of layoff.