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Morgan Stanley promises no job cuts in 2020 as coronavirus crisis grows

Reuters | Washington DC | Updated: 26-03-2020 21:40 IST | Created: 26-03-2020 21:30 IST
Morgan Stanley promises no job cuts in 2020 as coronavirus crisis grows
Representative Image Image Credit: Wikimedia

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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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