Morgan Stanley layoffs to hit 7 NYC offices

Morgan Stanley will lay off 230 employees in seven of its New York City offices, Citywire can confirm.

The dismissals from the New York offices are a part of the firm’s efforts to cut at least 2,000 employees from its 80,000-person global workforce, a roughly 2.5% reduction.

This round of layoffs will begin on June 17, according to multiple WARN notices filed with the New York State Department of Labor.

https://citywire.com/pro-buyer/news/morgan-stanley-layoffs-to-hit-7-nyc-offices/a2466698

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Where your jobs going like many banks:

"Morgan Stanley Advantage Services is expanding its presence in Bengaluru with an additional 1.2 mn sq ft of captive campus. The new space is expected to come up on the Outer Ring Road, Bengaluru. The financial services firm is in talks with a large office space development firm in the city. Once ready, the campus will serve 12,000 employees for the company."

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/morgan-stanley-to-set-up-1-2-mn-sqft-captive-centre-in-bengaluru/articleshow/118546573.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Morgan Stanley plans to lay off around 230 employees across seven New York City offices on June 17, 2025
The layoffs are part of a broader cost-cutting strategy to adapt to current market conditions
These cuts follow similar moves by Goldman Sachs and Bank of America amid ongoing economic uncertainty
The global workforce reduction plan includes about 2,000 roles, excluding financial advisers
The layoffs represent approximately 2% to 3% of Morgan Stanley’s global workforce of over 80,000 employees as of the end of 2024
Law firm Sanford Heisler Sharp McKnight is investigating potential legal claims including wrongful termination, discrimination, retaliation, and WARN Act violations
Morgan Stanley has not yet disclosed which offices or departments will be affected, but more details are expected as the implementation date nears

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Morgan Stanley layoffs to hit 7 NYC offices

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