Wall Street heavyweight Morgan Stanley is planning to lay off about 2,000 employees later this month, according to a report by Reuters.
The reduction of 2% to 3% of the company’s workforce, excluding financial advisers, was aimed at improving operational efficiency, the person said, requesting anonymity.
Morgan Stanley had more than 80,000 employees worldwide at the end of 2024. The layoffs were not related to current market conditions, the…
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