Morgan Stanley & Co To Lay Off 29 Employees In New York

Morgan Stanley & Co. LLC filed a Workers Adjustment and Retraining Notification with the New York State Department of Labor on November 29. The notice indicates the firm will lay off 29 workers at its branch at 1585 Broadway in New York.

Business Closing

Morgan Stanley & Co., operating as a subsidiary of Morgan Stanley Domestic Holdings, Inc., is an investment banking firm that offers security brokerage and financial advisory services.

The affect employees have no bumping rights. The terminations of 15 of the employees are expected to take place on March 1, 2018 and the remaining 14 employees on June 30, 2018, according to the filing.

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