As dealmaking slows, Morgan Stanley to layoff in coming weeks.
- Three sources said Morgan Stanley will begin a new round of global layoffs in the coming weeks as increasing inflation and an economic slump hurt dealmaking.
- Two individuals claimed the bank has developed a list of redundant workers in Asia Pacific, mostly from China-related units. All declined to be named due to confidentiality.
- The third source claimed some capital markets teams in Hong Kong and mainland China will be reduced, but most will be from other China business teams, both onshore and offshore.