Morgan Stanley Reportedly Lays Off 2,500 Employees Across Three Major Divisions

The cuts are affecting employees in the bank’s investment banking, wealth management, and investment management divisions, as per the Wall Street Journal report.
In this photo illustration, the Morgan Stanley logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
In this photo illustration, the Morgan Stanley logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
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Jaiveer Shekhawat·Stocktwits
Updated Mar 04, 2026   |   5:27 PM EST
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Morgan Stanley is reportedly laying off around 3% of its workforce or about 2,500 of its employees. 

The Wall Street Journal reported, citing people familiar with the matter, that the cuts are affecting employees in the bank’s three major divisions — investment banking, wealth management, and investment management

The cuts in the departments are tied to shifting business and location priorities, as well as individual job performance, and will be across locations both in the U.S. and abroad.

Get updates to this developing story directly on Stocktwits.

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