The New York Post reports that Barclays is poised to cut as much as 10% of its global workforce next month as part of a broader shakeup.
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Also, Morgan Stanley, which is slashing 1,600 jobs from its investment bank and support staff, said 360 cuts are coming from its New York City offices.
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Germany’s Commerzbank will likely propose cutting around 6,000 jobs in Germany, or about 18% of the workforce, when starting negotiations with labor representatives next month, three people familiar with the matter told The Wall Street Journal Thursday.
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http://online.wsj.com/article/BT-CO-20130117-709012.html?mod=WSJ_Banking_middleHeadlines
Morgan Stanley’s NYC cuts went down on Tuesday
And Morgan Stanley announced great earnings and the stock has gone up around 15% already this year.