Morgan Stanley Axes 2,500 Jobs Despite Record 2025 Revenue Surge
Morgan Stanley eliminated approximately 2,500 positions—3% of its 83,000 global workforce—across investment banking, wealth management, and asset management divisions on March 4, 2026. Performance-Based Cuts Layoffs targeted underperformers and roles misaligned with shifting priorities like AI integration and location strategies, sparing financial advisors. The bank posted record $70.6B revenue in
