【Layoff Wave】 Morgan Stanley reportedly to lay off 3%, involving investment banking, trading, and asset management businesses

2026-03-05 00:16:43

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Morgan Stanley (U.S.: MS) reportedly plans to lay off about 3% of its global workforce, involving employees in investment banking, trading, wealth management, and asset management. With approximately 83,000 employees, this round of layoffs will affect nearly 2,500 people.

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Sources familiar with the matter say that Morgan Stanley’s layoffs involve both front-office and back-office staff. The layoffs are related to individual performance and also reflect adjustments in business focus and office location strategies.

Morgan Stanley achieved record net profit over the past year and increased CEO Ted Pick’s compensation by 32%.

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