Anyone else? Condolences to those affected. Sounds like the competition gets the win.

I heard it's 3N + 1 weeks of base salary if you worked for 1 year, then can get 4 weeks' salary?

go to @12nq0mOz or thelayoff.com/t/12nq0mOz

Those who're getting laid off on the tech side should thank their stars. The next few years for Morgan look pretty damn turbulent. The leadership doesn't even have a clue.. Alige will fail miserably.. as it has no place for MDs and EDs and the MS... — read more 

I guess this is a reminder to never put a company before what actually matters in life. When you work your a– off for a company, it creates a culture where working your a– off is expected from everyone and becomes the norm. Don't let them exploit... — read more 

I haven't got laid off (YET) and I feel worse, I think if I was laid off I'd probably feel better, now I'm going to remember this as, this is how the company that I work for treats people, no matter what hard working and the timing kind goes to show... — read more 

Were you told or given any hints about your assoc getting let go? I’m curious because it’s been slow the past few weeks (for everyone actually, due to the holidays), I asked my manager for more tasks but I got nothing, and this happened.

Other then the fact that the older folks are always first on the chopping block, I curious to know were there any specifics to the employees that got laid off recently? Could anyone tell at their location that a certain employee type was targeted... — read more 

Don’t forget to donate to the annual appeal y’all!

I know it may mean nothing but I want to say from the bottom of my heart how sorry I am to everyone who was made redundant. I am sure that if I ever had the pleasure of interacting with you, it has enhanced the last year of my life in some way... — read more 

I was let go yesterday ( VP, tech in NY ). Was kind of expecting this since the august townhall mentioned 25% cut in NY. It may be 2% off overall but is mostly NY-centric. Its sad but not the worst given the place is becoming a sweatshop... — read more 

Some VPs in Montreal lost their entire team. I can't imagine these VPs sticking around for long, and wouldn't be surprised if they will be laid off in January.

"why do people work weekends and long hours?" Almost everyone is short staffed. For some people, if they don't work longer hours, the work will not be done. Bureaucracy. It's really hard to get things done at Morgan. And our new religion... — read more 

what were people offered?

Over the last 15 years I have worked for 5 banks as an FTE and Contractor and have to say the following. 1) Working in tech for banks is pretty much the same everywhere. After the 2008 crisis everything including bonuses went down the drain for... — read more 

Layoffs were originally scheduled for Tuesday 12/10. I got wind that the news found out about the layoffs on Sunday, so MS had to scramble and start the layoffs on Monday. That's why your separation letter is dated 12/10. Now curious to find out who... — read more 

I was a 50% Agile Coach, 50% my regular day job. The firm wasted so much money on consultants this year, they had to let go of some of their hardest working.

Well there you go, was shocked i got selected for the guillotine, when i say this it’s in correlation to the agile “displacement” process at hand. They failed to measure individual positive impacts, and was completely a measure of management liking... — read more 

How long will it take for the company to mail personal belongings to those who were walked out like common criminals?

Morgan Stanley are hypocrites with the entire 'Core Value' thing. They are so concerned with their public image when it comes to charities, etc.., so they try to project a good image to the public as a firm. At the same time, internally they have no... — read more 

At least for now?

CEO hires a ton of useless outside MDs to implement Agile and DevOps (which are practices, not roles) and then fires a ton of loyal hard workers two weeks before Christmas to pay for it so that he can make his target cost to the business and get a... — read more 

S—s, because I did not see it coming. Couldn't even say goodbye to my team. Any idea how much time does one on H1 have to look for a new job? Yes we are on payroll for a few weeks but that doesn't mean our visa is valid till then right? I think we... — read more 

go to @12nq0mOz or thelayoff.com/t/12nq0mOz

What are those? Please remind me...

If Morgan Stanley really wanted to cut costs they should cut back on the frivolous spending. Revenue generating departments seem to have endless funds for all sorts of shenanigans. I’m sure if the firm cut back on a firm paid vacations for... — read more 

For new folks here, there is a large "ACTIVE" button right above the first thread... you can use it to see what posts had recent replies. That's all from me. Anyhow, I hope this helps someone. Good luck all....

Any ideas if the groups that were already hit will receive more lay offs in the coming days?

Forced ranking is a quintile system with 1 being worst and 5 being Exceeds Expectations. Your manager is forced to rank people under him on a curve with a certain percentage expected to be in the 1 bucket. This is how you end up with good people... — read more 

Poor management and internal politics...teams are already short staffed as is with many employees working long hours meanwhile consultants sitting around at MS take 2 hour lunches and surf the web all day (e.g. my team). Morale is low.

Just saying!

Got axed. After a more than a decade of working in a place I was proud of. Upsetting, but I think of it as a good thing. It was getting insanely bureaucratic and political.

Its true, big corporate wall street banks like MS are expert liars. The fatcat upper MD echelons have too much power and are utterly biased and selfish. Some mangers might pick layoffs out of vengeance & power tripping abuse. Others would cut... — read more 

Its all politics on who's let go, in my team in NY there are few there were 3 VP's, 1 ED. 2 VP's and 1 ED joined last year whereas 1 VP was working in MS for 10 years. This guy knew the system inside out, the go-to guy for any kind of... — read more 

Our CEO earned $26,545,324 in 2018, an 8% increase from 2017, 198 times greater than the 2018 median MS employee compensation.

My husband, a long time and highly dedicated IT employee of Morgan Stanley, got the axe yesterday. The real tragedy is that the lay off had nothing to do with his performance and accomplishments. In fact, my husband gave everything he had to this... — read more 

Each department has a cost reduction goal (e.g., 5%) given from the senior management. They aim at the least important projects, or those projects that are eating a lot of money. Manager then decide which to lay off according to some ranking list... — read more 

I've heard from some people that it is over, but others keep saying we are far from done. It would be really nice to know who is right... Anybody here has some reliable info on what to expect today? It's really heartless to do this to us so close... — read more 

How are they (management) deciding on who is being cut and why? There doesn't seem to be a common theme, rhyme or reason... The more I look the more this cut looks haphazard... It certainly feels that they are going beyond than just skills and... — read more