:Morgan Stanley is considering a 7 per cent cut in its Asia-Pacific investment banking workforce, or about 40 jobs, according to a source with direct knowledge of the matter.The cuts would mainly impact the investment banking and capital markets business in the region, not including Japan.A Morgan Stan
:Morgan Stanley is considering a 7 per cent cut in its Asia-Pacific investment banking workforce, or about 40 jobs, according to a source with direct knowledge of the matter.
Slow dealmaking and a tough economic environment prompted the investment bank to look at its staffing, a source said at the time. Global dealmaking has slowed down dramatically. Corporate buyout activity plunged to its lowest level in a decade in the first quarter of 2023.
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