Morgan Stanley's Firings Are Going Well
Morgan Stanley never called to answer our question as to whether or not it was putting off today’s scheduled layoffs until tomorrow or even next week, but apparently things are going as originally planned, with the bank eliminating 300 jobs this morning. The cuts are mostly from fixed-income, equities and
investment banking (about 200 jobs in the U.S., the rest in Europe), and are said to include senior personnel (David Warren, a managing director*) and a handful of plebes. We’ll let you know about the important stuff (pro-rated bonuses?) as it comes. (Want to speed things along? You know where to find us.)
*which sources, though not spokepeople, at MS confirmed as of 11:55 a.m.
Morgan Stanley Firing 350 I-Bankers Today [Silicon Alley Insider]
Morgan Stanley to cut 300 trading, credit jobs [Reuters]
Comments
Should I not be showing up for the S&T interview? ... ...
Posted by: Anonymous | October 17, 2007 12:01 PM
warren was head of structured credit but was already being ushered into a lesser role as head of risk management for structured credit
Posted by: Anonymous | October 17, 2007 12:01 PM
Don't front, when was the last time you ever told us what severance packages were like?
You just take take take and never give. Just like the hedge fund rumor solicitation.
Posted by: Anonymous | October 17, 2007 12:06 PM
are you joking 12:06? they're giving right now...i don't see the warren thing reported anywhere else, ass hat.
Posted by: Anonymous | October 17, 2007 12:09 PM
Don't diss Bess
Posted by: Anonymous | October 17, 2007 12:19 PM
It was posted on Derivatives Week at 9:00 this morning.
Posted by: isolation tzar | October 17, 2007 12:21 PM
It was posted on Derivatives Week at 9:00 this morning.
Posted by: isolation tzar | October 17, 2007 12:21 PM
you guys bitch when they don't post stuff that's on other things and bitch when they do. make up your mind, douchefucks.
Posted by: Anonymous | October 17, 2007 12:25 PM
Okay then, we'll just see what great info about pro-rated bonuses we get from BL then won't we? Something we can't read on bloomberg perhaps.
I concede, we did get the name of one senior employee. Brava
Posted by: Anonymous | October 17, 2007 12:40 PM
Yeah...douchefucks
Posted by: Anonymous | October 17, 2007 12:40 PM
thats right fuckdouches
Posted by: Anonymous | October 17, 2007 12:41 PM
"Okay then, we'll just see what great info about pro-rated bonuses we get from BL then won't we? Something we can't read on bloomberg perhaps." why don't you do us all a favor and read bloomberg exclusively. since you like it so much more anyway, and your presence here is completely unnecessary.
Posted by: Anonymous | October 17, 2007 12:43 PM
Cock! Cock! Jism! Grandma! Cock!
Posted by: Jeff Greene | October 17, 2007 12:45 PM
and also, tool bag, db reported this was coming on monday...didn't see that on bloomberg.
Posted by: get a life | October 17, 2007 12:46 PM
This place is really going downhill since I hired keith hahn
Posted by: Al Davis | October 17, 2007 12:46 PM
Please cease the tasteless, childish banter. If you are going to comment, put at least one thought behind it
Posted by: Anonymous | October 17, 2007 12:50 PM
You aint got no etiquette, muthafucka!
Posted by: Krazee Eyes Killa | October 17, 2007 12:50 PM
Someone should just wander over to Lee Hecht Harrison and ask around tomorrow. Does DB still have an intern? I think that's where MS sends its firees for outplacement right?
Posted by: here's a thought | October 17, 2007 12:55 PM
Ok, feminine hygiene product recepticle @9:53, you and gluteous maximus cranium apparel are a bunch of leather devices holding tools! And you feminine hygiene liquid copulators need to tone it down. Quit writing like "richard craniums" because that takes no talent.
Thanks for reading.
Posted by: The Polite Defamer | October 17, 2007 01:02 PM
Everyone kindly desist, and please get back to clearing my trades.
Posted by: Chuck Prince | October 17, 2007 01:08 PM
Why haven't there be any posts lately about ME?!?!?!?!?!?
Posted by: Steve Schwarzman | October 17, 2007 02:24 PM
Because I took over, steve...
Posted by: Tim Sykes | October 17, 2007 02:26 PM
anyone have any news or input on the Morgan Stanley layoffs ?
Posted by: Anonymous | October 17, 2007 03:34 PM
my friend lost their job. Ill find out the scoop tonight.
Posted by: Anonymous | October 17, 2007 03:58 PM
in research, they let go 5 or 6 mid-level analysts.
Posted by: bobgordon | October 18, 2007 12:39 PM