It's categorically not true that only low performers are affected. There's really more than one event going on simultaneously here. Some of this is about cost cutting in metro locations, some of it is department-based based on specific circumstance... — read more
Massive New York Hits
This layoffs was unrelated to performance, do not listen to both mgmt and fear mongers - It is based on cost reduction , hence 20%+ in NY
I got my termination a few hours ago...
Oh, well... Not a surprise that this happened and I’m quite thrilled because the message MS put out and the experience working there was totally different.
Classy
It’s happening in NYC right now... The same people who got certificate for loyalty (10 yrs) 2 months ago , have now been walked out.. Two weeks before holiday , classy!
Recent Graduates Layoffs
Do you know if recent graduates are being laid off? If yes, what groups and locations?
Tech Layoffs
40% MD’s walked out in tech tomorrow they will walk EDs and VPs security guards on floors this is broader and deeper than anticipated
It’s Happening?
IT'S HAPPENING. Layoffs have already started, just note some of the MDs are suddenly are not around even though they might still be /n (it is our directory service, for the outsiders). This is a big one and it'll hit across the board, comments are... — read more
Morgan stanley fraud trading
Wonder what to make of the fraudulent trade by junior FX Traders . If the junior ones can hid north of $100 million wonder what the seniors may be up to. Well, I wonder why was this not caught ? What about internal audit. Wonder if they have any... — read more
Layoffs
Expected in December
Morgan Stanley Layoffs 2020
Is there going to be any reorg or Morgan Stanley Layoffs 2020? Any news or rumors?
Layoffs in ISG
Heard that there was another round of cuts yesterday in ISG. Any idea what size, and what levels?
One more round lay-off start from Asia across global on Monday
Just had the announcement one more round lay-off started in Asia and will complete by today. More people affected compare to last Thursday.
Layoffs on Thursday
Heard there are significant layoffs on Thursday for IT.
Major layoffs ongoing at Morgan Stanley
Major layoffs are happening in sales and trading. Dozens of people shown the door so far. Not sure how big the final number is exactly, but it looks like it is not a small round. My main question is, does anybody know if all affected employees have... — read more
Sell side shouldn’t be allowed to prop trade!
https://www.sec.gov/comments/s7-14-18/s71418-4530302-176067.pdf
Morgan Stanley Layoffs 2019
If the market makes a turn soon, do you think there will be Morgan Stanley Layoffs in 2019?
how to find people to layoff?
for automated trading and systematic trading, regulators should ask bank perform mode validation on their ALPHA SIGNAL!!! That’s the only way to make sure bank doing things meet regulator requirement and not hurting client interest! How does it... — read more
Shaddy prop trading desks should be closed
If a desk is secretive, then it very likely it is doing something that will bring company economic loss and reputation risk some days
Operations
I hear they are trying to be more competitive and get rid of the operations staff...
Morgan Stanley Layoffs 2018
I can tell you that rumors are flying around about job cuts in NYC.
Morgan Stanley Layoffs 2017
Many folks are talking about layoffs in NYC.
Intentional or unintentional consequences?
I got laid off 4 months before I would have been eligible for retiree medical coverage.
Bonus lost
What was particularly egregious was being laid off one week before bonus, having just been given a very good performance review. The bonus was to be for the prior year performance - those of us who were laid off for non-performance reasons should... — read more
Layoffs continued
Layoffs continued in other area of the company this week - I loved my job and lost it as did others in my division
Was the 25% pay increase James Gorman really justified like he claims?
RIF's should have been made from those higher up on the corporate ladder but they remain and will likely receive very attractive bonuses.
Canary Wharf - London
100 to be cut, just wait, it's all over news
Struggling Morgan Stanley eliminates 1,200 jobs
http://money.cnn.com/2015/12/08/investing/morgan-stanley-cuts-1200-jobs/
I am in doubt
I am so disappointed with how the company is functioning. I have given this company a lot and I was satisfied with the reward that I got. However things have changed now. Managers do not care about the work, coworkers becoming competitive, no bonuses... — read more
What about Bangalore?
Any layoffs there?
Advisers would treat the CSA poorly and the manager would do nothing.
The office I was in was poorly run. The manager didn't want to manage the team or even be in the position, but he wanted to all the perks that went with the job. He would buy personal items and expense them to the company, for example, we did not... — read more
No loyalty on my side either
They need to figure out how to make money again, that's why I left, cannot be committed to an entity that struggles, wants to cut you but expect you to be loyal
Massive Job Cuts at Morgan (1,200)
http://www.bloomberg.com/news/articles/2015-12-08/morgan-stanley-takes-150-million-charge-said-to-cut-1-200-jobs http://www.thestreet.com/story/13390447/1/morgan-stanley-ms-stock-down-plans-1-200-job-cuts.html... — read more
Layoff confirmed at Morgan Stanley
I was affected along with many others.
This round of layoffs is as much about a lack of revenue as it is about risk.
Just saying - do not buy the official agenda
Morgan Stanley Layoffs 2016
What is the likelihood of Morgan Stanley layoffs in New York in 2016? Please let me know if you have any information.