Morgan Stanley lays off 2,500 employees |
| Morgan Stanley has laid off about 3% of its workforce, or roughly 2,500 employees, across its three major divisions. The job cuts affect investment banking and trading, wealth management, and investment management, but do not affect the lender's financial advisors. The cuts are tied to shifting business and location priorities, as well as individual job performance, and are occurring both in the U.S. and overseas, a person familiar with the matter said. |
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