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REPORTED · NEWSPublished May 23, 2026

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

EMPLOYEES AFFECTED
3
EFFECTIVE DATE
May 23, 2026
3 OF 80,000 EMPLOYEES

What we know

Based on news reporting.

Summary

Morgan Stanley is laying off 3% of its workforce, although financial advisors will not be affected by these cuts. This decision reflects the company's ongoing adjustments in response to market conditions. The layoffs are part of a broader trend in the financial sector, but specific details regarding the total number of employees impacted or the locations of these layoffs have not been disclosed. The company aims to streamline operations while maintaining its advisory services.

Morgan Stanley cut 3 jobs as of May 23, 2026.

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

Comments (1)

Anonymous by default. Be kind — people reading this may be going through it right now.

LTLayoffTalk StaffStaff21 hours ago

Morgan Stanley cut 3 jobs on May 23, 2026. Were you affected, or do you know people who were? How was it handled — severance, notice, which teams? You can post anonymously below.

SOURCE
News reporting
View original source ↗
M
Morgan StanleyMS
Financial Services · 80,000 employees
22
EVENTS TRACKED
22K
AFFECTED SINCE 2023
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CREATED MAY 23, 2026LAST UPDATED MAY 23, 2026