Department affected: Investment Banking and Wealth Units.
A specific layoff date has not been disclosed.
Based on news reporting.
Morgan Stanley has announced plans to lay off 2,500 employees across the company, as reported by the Wall Street Journal. This decision reflects the company's ongoing efforts to streamline operations and adapt to changing market conditions. The layoffs are part of a broader trend in the financial services industry, where firms are adjusting their workforce in response to economic pressures. Specific details regarding the locations or departments affected have not been disclosed. The announcement highlights the challenges faced by Morgan Stanley and its commitment to maintaining operational efficiency.
Morgan Stanley cut 2,500 jobs affecting its Investment Banking and Wealth Units team.
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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Morgan Stanley has announced planned job cuts affecting 2,500 employees. Were you notified, or are you still waiting to hear? What is leadership telling employees? You can post anonymously below.
Estimated figure based on news reporting. Not yet confirmed by Morgan Stanley.
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