Morgan Stanley cuts 2,500 jobs — 3% of global workforce: report

Morgan Stanley cuts 2,500 jobs — 3% of global workforce: report

Morgan Stanley is slashing about 3% of its global workforce — roughly 2,500 jobs — across its key divisions, as the Wall Street big realigns priorities amid a banner 12 months for earnings, sources accustomed to the matter have told The Post.

The cuts hit the Ted Pick-led lender’s funding banking, buying and selling, and wealth administration models, the people near the state of affairs said.

Layoffs started last week, and each Morgan Stanley’s US and worldwide places of work will likely be impacted, they added.

News of the job losses was first the Wall Street Journal reported earlier on Wednesday.

The Ted Pick-led lender, which has round 83,000 staff, posted file income in 2025 after a revival in dealmaking. Morgan Stanley

The financial institution, which has round 83,000 staff, posted file income in 2025 after a revival in dealmaking, market volatility that boosted the backside line of its buying and selling desks, and spending by rich shoppers.

Its wealth unit, which generates almost half the agency’s earnings, noticed fourth-quarter income leap 13%.

Despite the strong outcomes, Morgan Stanley has trimmed employees a number of instances in recent times. This round contains personal bankers and back-office roles in wealth administration, some dealing with shopper mortgages.

The Post has sought remark from a financial institution spokesperson.

Wall Street friends like Goldman Sachs and JPMorgan Chase have also shed jobs amid effectivity drives, including AI adoption.

Block CEO Jack Dorsey said that he would layoff half of his workforce owing to AI good points. AP

Big firms axed hundreds of white-collar positions last 12 months, often citing tech good points. Twitter founder Jack Dorsey announced earlier this week that his new enterprise, Block, would shed 4,000 jobs, which is equal to half of its workforce.

The strikes underscore how even top performers are pruning prices in a risky financial system.

Navigate the fast-paced world of enterprise with us. At TheGossipBlogger.com/enterprise, we offer well timed and insightful coverage on every little thing from market traits and startup success tales to monetary news, entrepreneurship ideas, and global financial shifts.

Whether you are an aspiring entrepreneur, a small enterprise proprietor, or a seasoned govt, our content is designed to tell, empower, and inspire your next transfer in the enterprise world.

Our editorial team dives deep into real-world methods, company profiles, and knowledgeable analysis to carry you articles that matter. We simplify complicated enterprise developments and highlight the innovations, challenges, and alternatives shaping industries today.

Make certain to bookmark our Business part and go to often — in a world that never stops transferring, staying informed is your greatest benefit.