There was one last year in addition to the RIF May 2023

from a very senior person

Specifically in the compliance department. Thank you for your help

Has anyone ever been given severance package while on long term disability? I’ve been out for over two years but still an “inactive” employee. I was really hoping they’d give me severance package and terminate me since it’s obvious I’m not coming... — read more 

Some people realized that many "doers" were laid off and MS is left with a relatively over-abundance of "talkers". MS needs to beef up some hiring process for "doers".

Rumors starting to kick up again about layoffs for 2nd half of ‘23. Anyone else hearing the same?

Be aware that in June Morgan Stanley posted a warn act layoff notice to take place in August for NJ. https://www.nj.gov/labor/employer-services/warn/

ISG trading down, offset by growth in Wealth Management. Instead of more layoffs, I hear more talk about ending the hiring freeze.

Mess curious if after layoff, you keep your personal financial advisory accounts with MS? I’m cutting mine as it was mostly support of the institution. Truth is there isn’t a need for an FA. We just invest in SPY and as long as we don’t sell on... — read more 

Heard rumors this week another round happening in September

Did they layoff all 3,000 as stated? Or, are layoffs still ongoing?

You will end up needing it. Layoffs are far from over.

The work environment these days is unlike anything I've ever experienced before. It's surprising because even the people you'd expect to be the company's biggest cheerleaders are actually feeling the pressure and experiencing the pain caused by the... — read more 

https://www.efinancialcareers.com/news/2023/06/morgan-stanley-layoffs-new-york

Most of them focus ONLY on doing their job. These people might get along well with peers and even their managers as well, but they are not capable of pleasing two levels up. Remember, when your manager's manager nominated you for layoff, most... — read more 

Morgan Stanley's cuts hit its already optimized fixed income team https://www.efinancialcareers.com/news/2023/05/morgan-stanley-fixed-income-cuts

Someone here wrote that a lot depends on whether the profit will drop or increase in the coming period. That's true. However, I am not optimistic about it. You?

It all depends on how much the profit will drop or improve in the next six months. Assume they might need to cut equivalent to 2/3 of the percentage drop in profit one way or another. If last quarter's profit dropped 19%, in theory, some teams have... — read more 

Anyone aware of online support groups (networking, resumes etc) crated for the class of '23 layoffs? Discord, etc... Are they even a thing?

does anyone know until when the hiring freeze will be in place? im a consultant and my contract ends next month I was hoping to convert to fte

https://www.reddit.com/r/WorkReform/comments/13pspfw/how_the_us_financial_system_works_as_explained_by/ This applies to you as well Unionize people - unionize yesterday yer next

Can someone actually use adjectives to describe the culture of the firm? I joined a few months ago and everyone just keep saying “the culture is great” or “you’re a great culture fit” and I honestly don’t know any words that come to mind that can... — read more 

Curious if the bloodbath now over. Didn’t see a lot on here about wealth management layoffs

There are a lot of good advices here regarding the layoff that just happened this week. Thanks to folks who shared their experiences, advices and feelings. Wonder if any of you (or through your lawyer) negotiated your severance package and what was... — read more 

When it comes to work, I'm always ready for the worst thing that could happen. I don't want to be in a position where something surprises me. When the next round of cuts hits, I won't feel as crushed as my old team did. I'll go with the flow and... — read more 

Morgan Stanley has cut approximately 12 jobs within its Australian operations, following a plan to reduce about 3000 positions globally by the end of this... — read more 

Disappointing that Morgan Stanley is ruining ETRADE. The MS culture of silo'd teams with a singular focus versus ETRADE teams with agile mindsets is starting to affect what can be accomplished. MS let go of some extremely dependable, top-notch... — read more 

No losses at all? How did we get that? Well played C G-V!

How did it go for baltimore

Don't worry guys. You'll bounce back. Next time, read the room, and don't get caught with your pants down.

It's past 1 PM, and I'm still here... is it time to celebrate or fear what may happen tomorrow... Sigh !?!?!?!?

So many professional and decent people caught up in this. It's unacceptable. I am done. CV sent.

Good luck, all!

The anticipation is painful

Hits there?

The long awaited event appears to be unfolding. Morgan Stanley isn't responding to requests to comment, but multiple sources say that this is the week that the bank has tabled its cuts and that today is the day they are... — read more 

I was ED in MS and got laid off recently after almost 22 years. I started applying for a new job, only to find that there were not that many openings. So I applied to VP positions as well in desperation. I knew how much the VPs in my team were... — read more