Survival of the Fittest: Morgan Stanley's Layoffs Expose the Harsh Reality of Corporate America

Morgan Stanley's latest round of layoffs underscores the larger issues confronting Corporate America. The company has eliminated thousands of jobs, affecting some 5% of its employees, mainly because of a drop in investment banking revenue and economic uncertainty. The trend is reflected at other big companies such as Amazon and Goldman Sachs, which are also trimming employees to control costs and adapt to possible economic softenings. The job cuts highlight the influence of global economic conditions on corporate restructuring and cost-reduction initiatives.

Source: Forbes, Bloomberg, The New York Times