Morgan Stanley layoffs: Morgan Stanley is cutting at least 50 investment banking jobs in Asia Pacific, news agency Reuters reported citing people in the know, becoming the latest among global banks to scale back operations in the region. The layoffs affect around 13% of the bank's Asia investment banking workforce of 400 in the region, the report added. Morgan Stanley layoffs: A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE) in New York City.(Reuters)