Morgan Stanley is planning to lay off around 3,000 employees from the global workforce amid recession fears. The fresh round of job cuts is likely to happen by the end of this quarter. This would amount to roughly 5% of staff excluding financial advisers and personnel supporting them within the weal...

Meta will lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion, the company announced Tuesday, with CEO Mark Zuckerberg warning economic instability could continue for “many years.” Shares of Meta were up about 5.5%. Here’s the timeline you should expect: o...