Department affected: three divisions.
Based on news reporting.
Morgan Stanley has laid off 2,500 workers as part of a restructuring effort aimed at streamlining operations. This significant reduction in workforce reflects the company's response to changing market conditions and the need to enhance efficiency. The layoffs are expected to impact various departments, although specific locations and divisions have not been detailed. Employees affected will receive severance packages and benefits, as the company navigates through this challenging period. The decision underscores the ongoing adjustments within the financial services sector, as firms adapt to evolving economic landscapes.
Morgan Stanley cut 2,500 jobs affecting its three divisions team as of October 1, 2023.
That is roughly 3.1% 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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