Morgan Stanley plans to cut 3K jobs: Reuters

Morgan Stanley is reportedly planning to cut 3,000 jobs during the second quarter, marking its second round of layoffs in the past six months.

The bank cited slow deal making amid the tough economic environment as the reason for the second round of cuts, Reuters reported, citing a source familiar with the matter. 

Morgan Stanley did not return FOX Business' request for comment at the time of publication.

Cuts have been accelerating across Wall Street as deal making dries up.