Wall Street giant Morgan Stanley announced that it plans to cut 3,000 jobs, with bankers and traders impacted the most as it joins other big banks who are in cost-cutting mode.Nearly five percent of the company's global workforce will be on the chopping block as early as June, according to people with knowledge on the matter, reported. Financial advisors and support staff will be excluded from this round of cuts. Many experts predict the industry's dealmaking slump will last through 2023.
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