Thread regarding Morgan Stanley layoffs

Determining the number of employees to lay off

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 to let go of 19% people, while some other teams have a smaller loss.

Can somebody confirm if this is really how it works? Not that it matters that much, I still have the same chance of being laid off, but I am curious if this is how they determine the full number.

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| 1312 views | | 3 replies (last June 3, 2023) | Reply
Post ID: @OP+1mS70urx

3 replies (most recent on top)

how do you think they look based on the various resources that are at your disposal??

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Post ID: @4zez+1mS70urx

How does the second quarter financials look like, anybody has any idea?

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Post ID: @2wnc+1mS70urx

I do not think so. It will be based on forecast, not actual. Management come up projection for the period they want to look at, then make a decision based on it. Management are never in reality

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Post ID: @1hkm+1mS70urx

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