Location: New York, NY, USA.
Department affected: Investment Management.
Based on news reporting.
Morgan Stanley Investment Management has laid off approximately 50 employees as part of a restructuring effort. The layoffs occurred in October 2023 and are part of the company's strategy to streamline operations in response to changing market conditions. This decision reflects the broader challenges faced by the investment management sector, as firms adapt to a more competitive landscape. The affected employees were primarily based in New York, NY, and the layoffs are expected to help the company focus on its core business areas. Morgan Stanley continues to evaluate its workforce needs in light of ongoing economic pressures.
Morgan Stanley cut 50 jobs affecting its Investment Management team as of October 1, 2023.
That is roughly 0.1% 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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