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Morgan Stanley Lays Off 2,500 Employees Across All Divisions
Morgan Stanley is cutting 3% of its 83,000 global workforce across major divisions due to strategic shifts and performance reviews while planning to add headcount in other areas.
- Morgan Stanley announced it will cut about 3% of its global workforce, reducing roughly 2,500 employees in early March.
- Driven by shifting priorities, the reductions follow last spring's cut of ~2,000 roles and reflect a revised global location strategy and individual performance reviews.
- Across divisions, the cuts will hit Institutional Securities, Wealth Management and Investment Management, with wealth-management reductions focused on corporate "home office" roles while field financial advisors are not affected.
- Despite strong results, the bank is cutting 2,500 jobs even as Morgan Stanley reports $70.6 billion full-year 2025 revenues and a 47% surge in investment-banking revenue, while rival banks bulk up and it adds resources in some sectors.
- The Wall Street Journal first reported the reductions on Wednesday, and Business Insider confirmed the cuts, citing people familiar with the matter.
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The wave of layoffs in the banking institution covers about 2,500 employees in units such as commerce, lender’s equity management and investment banking
Associated Press News+3 Reposted by 3 other sources
Morgan Stanley to lay off about 3% of its workforce as job cuts continue in financial sector
Morgan Stanley is cutting about 2,500 jobs in a broad round of layoffs across most of the firm. Morgan Stanley is the latest of major white collar firms to lay off employees in 2026, following announcements from Block, Meta and Amazon.
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Coverage Details
Total News Sources51
Leaning Left8Leaning Right8Center7Last UpdatedBias Distribution35% Left, 35% Right
Bias Distribution
- 35% of the sources lean Left, 35% of the sources lean Right
35% Right
L 35%
C 30%
R 35%
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