Summary
Morgan Stanley announced it will cut about 2,500 jobs, which is roughly 3% of its global workforce. The layoffs will occur across its main business areas such as investment banking and wealth management, despite the company having a record revenue year in 2025.
Key Facts
- Morgan Stanley is cutting 2,500 jobs out of about 83,000 employees worldwide.
- The layoffs will affect investment banking, trading, wealth management, and investment management.
- The company has not provided a public explanation for the job cuts.
- FOX Business reported that these cuts relate to business priorities and individual performance.
- Financial advisors are not affected by the layoffs.
- Morgan Stanley had a record revenue year in 2025, with revenue increasing to $17.89 billion.
- The job cuts are part of a larger trend in the finance and tech industries, where companies are making staffing changes for efficiency.
- Other companies like Amazon and Nike also made significant job cuts recently.
