Morgan Stanley Lays Off 2,500 Employees Across All Divisions
WSJ • • business
Key Points:
- Morgan Stanley is laying off approximately 3% of its workforce, equating to around 2,500 employees.
- The layoffs impact the bank’s three main divisions: investment banking and trading, wealth management, and investment management.
- Job cuts are driven by shifting business priorities, location strategies, and individual employee performance.
- The reductions are taking place both in the United States and internationally.
