The workforce reduction will be across all regions and is set to take place in the next two weeks, Bloomberg said, citing two of the people.
Morgan Stanley declined to comment on the Bloomberg story.
The Wall Street bank reported a 42 percent slide in bond trading in the third quarter, one of its worst performances since the financial crisis.
Ted Pick, who was in charge of the company’s equities business, was picked by Chief Executive James Gorman last month to oversee its entire trading business to facilitate better coordination between the firm’s bond and equities desks.
The company’s shares, which have fallen 12.9 percent this year up to Friday’s close, were up 1.3 percent in afternoon trading.
(Reporting By Sudarshan Varadhan in Bengaluru; Editing by Anil D’Silva)
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