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Reuters - Morgan Stanley and Goldman Sachs are considering further cuts in staff, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Ruble takes a big hit as oil slides below $42 (AP)
AP - The ruble dropped sharply in early afternoon trading Thursday as oil prices dipped below $42 a barrel and officials forecast a further devaluation of the Russian currency.
ADDITIONAL INFO When you find you should terminate a worker, attention to detail is important. Now and then, this can take on the form of employees who are comedians and spend more time being funny than doing work. These contracts frequently have separation clauses which give allowable reasons for dismissal and separation benefits. Otherwise, separating is your only choice.

The worker lay off form can be a strong line of defense if you become involved in suit about terminating a worker. There should be specific guidelines written in the employee's contract stating reasons disciplinary actions the company should take before terminating the jobholder. o The terminated employee needs revenge on his former supervisors and company. To begin the meeting, recognize the business lost many good friends and hard employees today. Proper evidence of the worker's problems. Otherwise we'll sack your employment with our company. You present the letter at the lay off meeting the day you separate the jobholder. This is true whether you're an Hr manager or small business owner who should deal with workforce issues. Sometimes, sudden termination without warning makes for a serious hardship on the jobholder involved. Please take note in this letter how is uses the guideline firm practice of putting the "bottom line up front." There are other formats for this unquestionably, you should get to the point as quickly as possible. The employee then has time to collect his thoughts before going home to inform his family the bad news. The same applies if you have a jobholder who engages in what you consider to be unethical or illegal conduct outside work, even if you hear about it — for example, drug-taking or sexual antics.