Morgan Stanley layoffs 3%, affecting all business divisions — Bloomberg reports

LootboxPhobia · 2026-03-04T23:25:17+00:00

Morgan Stanley will lay off approximately 3% of its staff, involving investment banking, trading, wealth management, and asset management businesses, totaling about 2,500 people. The layoffs are related to individual performance and changes in business priorities.

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2026-03-04 23:25:17

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Investing.com - According to Bloomberg, citing sources, Morgan Stanley (NYSE: MS) is cutting approximately 3% of its employees worldwide, affecting staff across all business lines.

The layoffs impact employees in investment banking and trading, as well as wealth management and asset management. Both front-office and back-office staff are affected.

The source said the layoffs are related to individual performance, business priorities, and strategic changes in location. For a company with about 83,000 employees, the total layoffs amount to nearly 2,500 people.

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