Has anyone heard anything about further layoffs happening? I'd have thought it would happen this week. Is there definitely going to be one?

What have you heard? Seems it's a pretty mixed bag. Drop a comment below if you're living in fear like me.

Why are people certain there will be layoffs next week? Did I miss an announcement or something?

I was paying $135 a month for Cigna A in premiums through payroll. After being let go, I received notice that my COBRA rate would be $1488 a month—for just myself. Is this the same for everyone? It seems like an error because I thought it would... — read more 

Hope we all enjoy our long weekend. The annual sla-ghter starts next week and it’s going to be a hard one.

Does anyone know how many employees were laid off in the last week? Surprisingly, there is nothing in the news about it so it seems MS kept it pretty quiet. My NJ office only has about 30 employees, includes both FA’s and staff, and three were laid... — read more 

I have heard it from around ~15 people in AD&I. Any other updates? on locations? and number? why isn't there a warning notice?!

Has anyone been impacted yet?

Rumor is WM home office is doing imminent cuts and may have already started. Very demoralizing for 2nd round in year.

Any word on another as usual RIF in December?

The longer you work in MS, the more you lag behind your peers in other companies. Most of people I know (including myself) landed in new jobs with higher titles and over 20% $$. Law forbids HR from asking you how much you were making in MS, they... — read more 

https://www.bizjournals.com/columbus/news/2023/11/06/morgan-stanley-easton-job-cuts-warn-notice.html

it was for kyc/aml remediation. The managers were brand new but the company itself seemed awful. 3 months from first interview to offer. glad I didnt take it seemed like mostly mouth breathers from new jersey work there

Leave now and come back 18 to 24 months after the new CEO starts…..That way he puts his new people in and you will be part of the new regime. Next 18 to 24 months will be an office politics nightmare!

Does anyone know the latest in the year you can start to get a prorated bonus?

https://www.cnbc.com/2023/10/19/big-banks-cut-thousands-of-jobs-more-layoffs-coming.html

There was one last year in addition to the RIF May 2023

from a very senior person

Specifically in the compliance department. Thank you for your help

Has anyone ever been given severance package while on long term disability? I’ve been out for over two years but still an “inactive” employee. I was really hoping they’d give me severance package and terminate me since it’s obvious I’m not coming... — read more 

Some people realized that many "doers" were laid off and MS is left with a relatively over-abundance of "talkers". MS needs to beef up some hiring process for "doers".

Rumors starting to kick up again about layoffs for 2nd half of ‘23. Anyone else hearing the same?

Be aware that in June Morgan Stanley posted a warn act layoff notice to take place in August for NJ. https://www.nj.gov/labor/employer-services/warn/

ISG trading down, offset by growth in Wealth Management. Instead of more layoffs, I hear more talk about ending the hiring freeze.

Mess curious if after layoff, you keep your personal financial advisory accounts with MS? I’m cutting mine as it was mostly support of the institution. Truth is there isn’t a need for an FA. We just invest in SPY and as long as we don’t sell on... — read more 

Heard rumors this week another round happening in September

Did they layoff all 3,000 as stated? Or, are layoffs still ongoing?

You will end up needing it. Layoffs are far from over.

The work environment these days is unlike anything I've ever experienced before. It's surprising because even the people you'd expect to be the company's biggest cheerleaders are actually feeling the pressure and experiencing the pain caused by the... — read more 

https://www.efinancialcareers.com/news/2023/06/morgan-stanley-layoffs-new-york

Most of them focus ONLY on doing their job. These people might get along well with peers and even their managers as well, but they are not capable of pleasing two levels up. Remember, when your manager's manager nominated you for layoff, most... — read more 

Morgan Stanley's cuts hit its already optimized fixed income team https://www.efinancialcareers.com/news/2023/05/morgan-stanley-fixed-income-cuts

Someone here wrote that a lot depends on whether the profit will drop or increase in the coming period. That's true. However, I am not optimistic about it. You?

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... — read more 

Anyone aware of online support groups (networking, resumes etc) crated for the class of '23 layoffs? Discord, etc... Are they even a thing?

does anyone know until when the hiring freeze will be in place? im a consultant and my contract ends next month I was hoping to convert to fte

https://www.reddit.com/r/WorkReform/comments/13pspfw/how_the_us_financial_system_works_as_explained_by/ This applies to you as well Unionize people - unionize yesterday yer next

Can someone actually use adjectives to describe the culture of the firm? I joined a few months ago and everyone just keep saying “the culture is great” or “you’re a great culture fit” and I honestly don’t know any words that come to mind that can... — read more