Morgan Stanley is set to lay off approximately 2,000 employees, representing a 2% to 3% reduction of its global workforce, excluding financial advisers. This move is part of an effort to improve operational efficiency within the company. Notably, the layoffs are not associated with the current market conditions. The announcement comes as the bank, which employed over 80,000 personnel worldwide at the end of 2024, seeks to streamline its operations. Bloomberg News was the first to report on this significant development in the banking sector.
Morgan Stanley is planning to lay off about 2,000 employees later this month, which constitutes a reduction of 2% to 3% of its workforce.
The layoffs are not related to current market conditions and aim to improve operational efficiency within the organization.
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