Of the 1,600 job cuts previously announced by Morgan Stanley (MS), 580 may come from NYC,...

|About: Morgan Stanley (MS)|By:, SA News Editor

Of the 1,600 job cuts previously announced by Morgan Stanley (MS), 580 may come from NYC, according to a filing made with the NY Labor Department. The "rolling layoffs" began nearly 2 weeks ago. For perspective, the firm employs more than 62K, so the announced cuts amount to about 2.6% of the company workforce.