P1-p4, new title, nothing related to performance,really?

Let’s face it. Covid is now showing its affect. Economy is in the toilet for the next while. MS is going to layoff thousands. They have no choice in this environment. Question: Will it be 2 evenly split cuts; one in September and one in... — read more 

If you think you will get Two weeks per year of employment as a severance, think again. There is a cap on the severance. Mgmt is not stupid even though they paid bonuses two weeks before layoffs in February!

Practice a 30 second opening explanation why you were laid off….margins, math equation, my mgr still supports me. Get it out of the way up front, Be gracious, “It was my privledge to work with so many talented people. It may hurt to say it but this... — read more 

heard the APAC bankers will be cut 80%. any one know this news?

project managers were nobody until James Gorman came in. He is essentially a McKinsey consultant by training. From then on presentation skills and networking ability are valued more than ethic and loyalty…

Anyone else heard about layoffs coming at Morgan Stanley end of April?

Hello, I wanted to see if anyone else got a notification for the H1B lottery selection at Morgan Stanley from Ogletree? or any other best platform/ chat you can recommend.

Anyone know if mortgages are affected in todays layoffs?

For those of us who'd really like to know what's going on with their former coworkers.

“Morgan Stanley plans to cut several hundred jobs in its wealth-management division as new Chief Executive Ted Pick seeks to rein in costs in an area that is critical to the Wall Street firm’s success but has shown signs of weakening lately. The... — read more 

Fishbowl app is saying layoffs coming in WM by end of February… would not make sense for them to let people off AFTER bonuses are paid, right?

https://www.datanami.com/2024/01/12/consumer-watchdog-report-wall-street-ai-could-cause-financial-crisis/

Earnings are not bad .. any impact after the release?

Anybody hear about that?

If you received a sub-5% raise this year, and are in a back office position with little-to-no transferable skills (bonus if you are

Be aware!

Share any updates you may have about Morgan Stanley layoffs? Any chatter, news or rumors?

He gave himself A- as CEO.

Has anyone heard anything about further layoffs happening? I'd have thought it would happen this week. Is there definitely going to be one?

What have you heard? Seems it's a pretty mixed bag. Drop a comment below if you're living in fear like me.

Why are people certain there will be layoffs next week? Did I miss an announcement or something?

I was paying $135 a month for Cigna A in premiums through payroll. After being let go, I received notice that my COBRA rate would be $1488 a month—for just myself. Is this the same for everyone? It seems like an error because I thought it would... — read more 

Hope we all enjoy our long weekend. The annual sla-ghter starts next week and it’s going to be a hard one.

Does anyone know how many employees were laid off in the last week? Surprisingly, there is nothing in the news about it so it seems MS kept it pretty quiet. My NJ office only has about 30 employees, includes both FA’s and staff, and three were laid... — read more 

I have heard it from around ~15 people in AD&I. Any other updates? on locations? and number? why isn't there a warning notice?!

Has anyone been impacted yet?

Rumor is WM home office is doing imminent cuts and may have already started. Very demoralizing for 2nd round in year.

Any word on another as usual RIF in December?

The longer you work in MS, the more you lag behind your peers in other companies. Most of people I know (including myself) landed in new jobs with higher titles and over 20% $$. Law forbids HR from asking you how much you were making in MS, they... — read more 

https://www.bizjournals.com/columbus/news/2023/11/06/morgan-stanley-easton-job-cuts-warn-notice.html

it was for kyc/aml remediation. The managers were brand new but the company itself seemed awful. 3 months from first interview to offer. glad I didnt take it seemed like mostly mouth breathers from new jersey work there

Leave now and come back 18 to 24 months after the new CEO starts…..That way he puts his new people in and you will be part of the new regime. Next 18 to 24 months will be an office politics nightmare!

Does anyone know the latest in the year you can start to get a prorated bonus?

https://www.cnbc.com/2023/10/19/big-banks-cut-thousands-of-jobs-more-layoffs-coming.html