About 2,500 jobs, roughly 3% of staff, across business lines
Source-backed update · Reported reduction · Morgan Stanley
EventReported March 4, 2026; many dismissals took place that day
Added to WorkHushMarch 4, 2026
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Sources
WealthManagement.com (Bloomberg) · Mar 5, 2026Supports: Carries Bloomberg's March 4 report that Morgan Stanley is cutting about 3% of its roughly 83,000 staff, nearly 2,500 people, across banking, trading and wealth and asset management, tied to performance, business priorities and location strategy.Open the sourceAssociated Press (via Yahoo Finance) · Mar 5, 2026Supports: Reports about 2,500 layoffs, roughly 3% of the workforce, including wealth management support staff but not financial advisors, and says the firm is not making a public statement.Open the source
Not in the sources
Morgan Stanley made no public statement, and the sources don't break the total down by division or country.
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