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REPORTED · NEWSPublished Apr 26, 2026

Morgan Stanley to Lay Off 3% of Workforce, Excluding Financial Advisors

EMPLOYEES AFFECTED
3
EFFECTIVE DATE
Apr 26, 2026
3 OF 80,000 EMPLOYEES

What we know

Based on news reporting.

Summary

Morgan Stanley is laying off 3% of its workforce, a decision that affects a significant portion of its employees while sparing financial advisors. This move reflects the company's ongoing adjustments in response to market conditions and operational efficiency needs. The layoffs are part of a broader trend in the financial services industry, where firms are reevaluating their staffing levels amidst economic pressures. The exact number of employees impacted by this reduction has not been specified, but the company is taking steps to ensure that essential roles, particularly in advisory services, remain intact.

Morgan Stanley cut 3 jobs as of April 26, 2026.

LayoffTalk has tracked 22 layoff events at Morgan Stanley since October 2023, affecting a combined 8,179 employees.

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SOURCE
News reporting
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M
Morgan StanleyMS
Financial Services · 80,000 employees
22
EVENTS TRACKED
22K
AFFECTED SINCE 2023
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CREATED APR 26, 2026LAST UPDATED APR 26, 2026