Bloomberg reports that Morgan Stanley might cut a quarter of its fixed income staff after bond trading revenue plunged 42% in Q3.
The layoffs are said to cover all regions and will take place in the next two weeks -- just in time for the holidays. The fixed income, currencies and commodities desks are grouped together so FX staff could be on the chopping block as well.
Morgan Stanley may cut 25% of fixed income jobs
Bloomberg reports that Morgan Stanley might cut a quarter of its fixed income staff after bond trading revenue plunged 42% in Q3.
The layoffs are said to cover all regions and will take place in the next two weeks -- just in time for the holidays. The fixed income, currencies and commodities desks are grouped together so FX staff could be on the chopping block as well.