Morgan Stanley CEO Gorman Says Unlikely Morgan Stanley Will Be Doing More Job Cuts This Year
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley CEO James Gorman stated that the company is unlikely to implement more job cuts. This announcement comes after the bank had previously reduced its workforce.
June 12, 2023 | 4:37 pm
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Morgan Stanley's CEO announced that the company is unlikely to make further job cuts, providing stability for the workforce.
The announcement by Morgan Stanley's CEO that there will likely be no more job cuts provides stability for the company's workforce. This news may not have a significant short-term impact on the stock price, but it could be seen as a positive sign for the company's overall stability and employee morale. The score is neutral as the news is not expected to cause a significant change in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100