Reported about 11 hours ago
Morgan Stanley is set to lay off approximately 2,000 employees, representing 2% to 3% of its workforce, as part of a cost-cutting initiative aimed at improving operational efficiency. The layoffs are not linked to current market conditions, following a trend of job cuts among Wall Street firms amid economic uncertainty. The bank, which employed over 80,000 globally at the end of 2024, is also adjusting staff based on performance and changing work locations.
Source: YAHOO