Morgan Stanley Pledges No Layoffs in 2020
Morgan Stanley (NYSE: MS) employees have one critical thing they won't need to worry about through the SARS-CoV-2 coronavirus pandemic -- their jobs.
Various media are reporting that CEO James Gorman has officially assured employees that they will keep their positions through the end of this year.
Quoting from an intra-company memo it obtained, CNBC reported that Gorman wrote that "[w]hile 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."
Source Fool.com
