(Reuters) -Morgan Stanley is planning to eliminate about 3,000 jobs in the second quarter in a fresh round of job cuts, a source told Reuters on Monday.
This is the second layoff at the Wall Street firm in six months and follows another quarter of dismal M&A activity that saw fees in the investment banking unit descent.
Morgan Stanley did not immediately respond to a Reuters request for comment.
(Reporting by Mrinmay Dey in Bengaluru; Editing by Maju Samuel and Arun Koyyur)
