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Morgan Stanley promises no job cuts in 2020 as coronavirus crisis grows

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(Reuters) - Morgan Stanley (MS.N) pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to reassure employees worried about their jobs during the coronavirus pandemic.

The contents were confirmed by a Morgan Stanley spokesman.

“While long term we can’t be sure how this will play out, we want to commit to you that there will not be a reduction in force at Morgan Stanley in 2020,” Chief Executive Officer James Gorman said in the note.

Reporting by Elizabeth Dilts in New York and Noor Zainab Hussain in Bengaluru; Editing by Bernard Orr

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