Morgan Stanley promises no job cuts in 2020 as coronavirus crisis growsReuters | Washington DC | Updated: 26-03-2020 21:40 IST | Created: 26-03-2020 21:30 IST
Morgan Stanley pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to reassure employees worried about their jobs during the coronavirus pandemic.
The contents were confirmed by a Morgan Stanley spokesman.
"While long term we can't be sure how this will play out, we want to commit to you that there will not be a reduction in force at Morgan Stanley in 2020," Chief Executive Officer James Gorman said in the note.
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