Morgan Stanley to Cut 3% of Workforce Across All Business Lines

NodeGuardian · 2026-03-06T15:04:51+00:00

Morgan Stanley plans to cut about 3% of its global workforce, impacting various sectors due to individual performance and changing business priorities, as part of its operational streamlining.

NodeGuardian

2026-03-06 15:04:51

Abstract generation in progress

Morgan Stanley is set to reduce its global workforce by approximately 3%, impacting staff across investment banking, trading, wealth management, and asset management. The job cuts, affecting both front and back-office employees, are attributed to individual performance, evolving business priorities, and shifting location strategies. This decision comes as the financial giant streamlines its operations.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.