Based on news reporting.
Morgan Stanley has announced a significant reduction in its workforce as part of its cost-cutting efforts, with plans to eliminate 2,000 jobs. This decision comes in response to the ongoing economic challenges and aims to streamline operations within the company. The layoffs are expected to impact various departments, although specific locations and departments have not been disclosed. This move reflects the broader trend in the financial sector as firms adjust to changing market conditions. The layoffs are set to take effect immediately, marking a substantial shift in Morgan Stanley's workforce strategy.
Morgan Stanley cut 2,000 jobs as of October 1, 2023.
That is roughly 2.5% of the 80,000 people Morgan Stanley employs.
LayoffTalk has tracked 22 layoff events at Morgan Stanley since October 2023, affecting a combined 8,179 employees.
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