Morgan Stanley cuts 2% of staff according to CNBC sources

Morgan Stanley is reported to be cutting 2% of staff. This is according to CNBC sources.

Earlier today, Pepsi announced they were cutting staff as well. The layoff contagion can beget other layoffs as corporations question their own hiring and staffing levels. Like with the hot market of the last few years where companies were fighting each other for staff, the pendulum can swing the other way as well.

The issue with this cycle is the participation rate and available workers are less. However, companies seem to be more comfortable with a trim of staff to prepare for the expected slowdown.

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term