According to The Wall Street Journal, Morgan Stanley
may lay off up to 5% of its 47,000 employees. The bank will decide if it is making cuts within the next two weeks.
Goldman Sachs Group Inc. may also make
further cuts in staff.
This week Merrill Lynch & Co.
cut a number of short-tenured advisers from the firm as part of its merger with Bank of America Corp.
The latest law firm layoffs include:
Linklaters LLP will
cut up to 270 jobs in Britain.
Law firm Wilson Sonsini Goodrich & Rosati PC is trimming 45 lawyers and 68 staff, according to a report on
Above the Law.
Law firm Ropes & Gray LLP is laying off 1
06 nonlegal staff members, or 10% of its nonlawyer staff.
Morrison & Foerster LLP is laying off 53 attorneys and 148 staff members, reports Above the Law.
It's a rough time, but there are jobs out there. Several
private equity firms and
banks are hiring, especially for restructuring positions. For the latest job postings, check out
TheDeal.com's Career Center.
- Maria Woehr
Also see:
Finance Layoffs: Northern Trust, First National Bank and others
Finance Layoffs: BofA, Comerica, State Street and more
Finance Layoffs: Cerberus, BofA, J.P. Morgan and more
Finance Layoffs: Wells Fargo, BOA, Barclays and moreFinance Layoffs: Bank of America, Fidelity, Carlyle and morePink slips on Wall StreetFinance Layoffs: Barclays, Sun Capital, Wells Fargo and moreFinance Layoffs: Barclays, Citadel, Bank of America and more Finance Layoffs: Schwab, BOA, Northern Trust and moreFinance Layoffs: BlackRock, BOA, Blackstone and moreFinance Layoffs: UBS, Citadel, GE Antares and more
Bank Layoffs: Credit Suisse, State Street, Carlyle and more
Merrill Grinch: Layoffs and other bad tidings before ChristmasBank layoffs: J.P. Morgan, Goldman Sachs, Standard Chartered and moreLayoff roundup: WaMu, Barclays and BoNYThe latest layoff roundup: Citigroup, J.P. Morgan, Nomura, Fidelity, HSBC and moreMore bank layoffs announced Another round of bank layoffs
Comments
Unfortunately, it looks like another round of layoffs could soon be underway for banks and law firms that specialize in M&A. Here's the latest roundup. 
I am wondering why those giant banks never cut their bulky HR/ compensation team. Those bankers will be never worthy to earn any bonus since huge capital injection coming from our pockets.