'We're a large company. We can absorb it, and we feel it's the right thing we can do,' Morgan Stanley Chairman and CEO James Gorman said about the company's pledge to not lay off anyone in 2020.
, will at least temporarily refrain from layoffs as CEO Mike Corbat doesn't want to impose hardship on his staff, according to a person with knowledge of the matter.had just completed a reduction
"At the end of this year, we will know what we are dealing with, and hopefully the economy will be on the mend by then," Gorman added.
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