Morgan Stanley to lay off 2,000 employees to enhance operational efficiency

From Nasdaq.: 2025-03-18 23:10:23

Morgan Stanley plans to lay off about 2,000 employees, representing 2% to 3% of its workforce, excluding financial advisers. The move is aimed at enhancing operational efficiency under CEO Ted Pick, marking the first major reduction. The downsizing, affecting around 80,000 employees, was initiated before recent market volatility.



Read more at Nasdaq.: Morgan Stanley Reportedly To Cut 2,000 Jobs This Month