Location: New York, NY, USA.
Based on news reporting.
Morgan Stanley has announced layoffs affecting approximately 3% of its workforce, which translates to around 3,000 employees. The decision comes as part of a restructuring effort within the company. Notably, financial advisors are not included in these layoffs, indicating a targeted approach to workforce reduction. The layoffs are part of broader cost-cutting measures as the company navigates challenging market conditions. The exact date of the layoffs is reported to be effective from October 1, 2023, as the firm adjusts its operations to align with current economic realities.
Morgan Stanley cut 3,000 jobs as of October 1, 2023.
That is roughly 3.8% 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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