Morgan Stanley Cuts 1,500 Jobs; About 17 Other Firms Announce Layoffs. (25-APR-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Morgan Stanley Cuts 1,500 Jobs; About 17 Other Firms Announce Layoffs.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 25-APR-01

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Byline: David Andelman

Apr. 25--Wall Street powerhouse Morgan Stanley began cutting 1,500 jobs, mostly in its investment banking and mutual fund divisions, one of at least 17 companies yesterday that announced they're shedding more than 24,000 jobs across a range of industries.

Among the leading companies that announced cutbacks were fiber optics giant JDS Uniphase, which said it will cut 5,000 jobs and give up 25 buildings, mostly in Silicon Valley, where it has space; Lucent...

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