Morgan Stanley Begins Layoffs

WALL STREET

Updated Apr. 24, 2017 12:51PM EDT / Published Dec. 28, 2011 12:37PM EST

Mark Lennihan / AP Photo

Hard times have come to Wall Street, with Morgan Stanley beginning the first round in a projected 1,600 layoffs. The company filed a notice with the New York State Department of Labor, saying it will slash 580 jobs in the city. It cited “economic” woes as the reason. Earlier this month, Morgan Stanley announced it would cut 1,600 jobs, or 2.6 percent of its workforce, by the first quarter of 2012. The company isn’t alone: Citigroup recently announced it would cut 4,500 jobs, and Bank of America and Goldman Sachs have announced layoffs as well.

Read it at The New York Times

Several Crew Injured in Crash on Set of Eddie Murphy Film

Eddie Murphy and the film’s other stars, Keke Palmer and Pete Davidson, weren’t on the set at the time.

‘Giant’ Coyote Spotted Prowling Central Park Spooks Joggers

Brett Cohn said the animal stopped him “in his tracks” on Saturday morning.

Jokic’s Brother Seen on Video Punching Fan at Nuggets Game

The NBA is investigating the incident.

MLB Likely to Probe Ump’s Bonkers Call Against Yanks Manager

The ump seemingly mistook a fan’s heckling to be the Yanks leader, leading to an incredibly controversial ejection.

Black British ‘Homeland’ Actor Clarifies Blackface Comments

David Harewood initially said actors should be able to play any character, even in blackface, as long as it’s “good.”

Marathoner Sips Glass of Wine at Every Mile, Still Finishes

He blindly taste-tested each glass and correctly identified 21 of them.

India’s Modi Slammed for Calling Muslims ‘Infiltrators’

His campaign speech was seen as an ominous warning for India’s religious minorities if he wins a third term this year.

Tech Giants Promise to Crack Down on AI-Generated Child Porn

Deepfake nudes have plagued middle and high schools this year, and AI has made it easier for pedophiles to access explicit images of kids.

Morgan Stanley Begins Layoffs

Mark Lennihan / AP Photo