Morgan Stanley intends to eliminate 3,000 more jobs as deal making declines A new round of employment layoffs is being planned by Morgan Stanley, along with a greater focus on expenses as recession fears prevent deal making from picking up. According to persons with knowledge of the situation, senior managers are debating strategies to cut around 3,000 employees from the global workforce by the end of this quarter. That would represent about 5% of the workforce, excluding financial advisers and those who work in the wealth management division to support them. Morgan Stanley intends to eliminate 3,000 more jobs; Banking and Trading Industry According to one of the persons, the banking and trading industry would likely bear the brunt of many of the reductions. A representative for Morgan Stanley, which has around 82,000 employees and is based in New York, declined to comment. These layoffs occurred just a few months after the company reduced its employment by around 2%...