Curious if the bloodbath now over. Didn’t see a lot on here about wealth management layoffs

There are a lot of good advices here regarding the layoff that just happened this week. Thanks to folks who shared their experiences, advices and feelings. Wonder if any of you (or through your lawyer) negotiated your severance package and what was... — read more 

When it comes to work, I'm always ready for the worst thing that could happen. I don't want to be in a position where something surprises me. When the next round of cuts hits, I won't feel as crushed as my old team did. I'll go with the flow and... — read more 

Morgan Stanley has cut approximately 12 jobs within its Australian operations, following a plan to reduce about 3000 positions globally by the end of this... — read more 

Disappointing that Morgan Stanley is ruining ETRADE. The MS culture of silo'd teams with a singular focus versus ETRADE teams with agile mindsets is starting to affect what can be accomplished. MS let go of some extremely dependable, top-notch... — read more 

No losses at all? How did we get that? Well played C G-V!

How did it go for baltimore

Don't worry guys. You'll bounce back. Next time, read the room, and don't get caught with your pants down.

It's past 1 PM, and I'm still here... is it time to celebrate or fear what may happen tomorrow... Sigh !?!?!?!?

So many professional and decent people caught up in this. It's unacceptable. I am done. CV sent.

Good luck, all!

The anticipation is painful

Hits there?

The long awaited event appears to be unfolding. Morgan Stanley isn't responding to requests to comment, but multiple sources say that this is the week that the bank has tabled its cuts and that today is the day they are... — read more 

I was ED in MS and got laid off recently after almost 22 years. I started applying for a new job, only to find that there were not that many openings. So I applied to VP positions as well in desperation. I knew how much the VPs in my team were... — read more 

After 8 years here I’ve had it – I am ready to move on and no amount of money or bonuses can change my mind. My immediate group is very good but I am doing a lot of cross-team work and that’s exhausting as we are all siloed and each team has their... — read more 

https://www.linkedin.com/feed/update/urn:li:activity:7063836699428106241/ Managers don't care about costs: it's paid by MS, not by the managers. Managers care about personal obedience and loyalty: If they don't like someone, it doesn't matter to... — read more 

Every day I hear a lot of encouraging stories from people who say they are much better off since they left this company and, similarly, those who say there are many opportunities on the job market for people with skills... All I can say is that... — read more 

I'm so tired of not knowing when the layoffs will stop.

(A) They are losers. There must be a reason they got laid off last time. No hire! (B) I'll objectively review the skill sets and experience to evaluate whether it's a fit. (C) Worked in MS before? and with relevant experience? Let me interview... — read more 

Lot of rumblings going on

Heard it's this week. Anyone knows when exactly?

(1) On the severance document, they listed some people as "Population Not Selected for Severance Benefits Offered". The list includes both FTE and Temp, only titles and ages, no names. Not sure whether it's fictional (how dare they do it?). Even... — read more 

https://www.nytimes.com/2023/05/19/business/james-gorman-morgan-stanley-ceo.html He’s part of the RIF?

Has anyone noticed a reverse discrimination pattern in their area for layoffs? Seems to be Caucasian and Asians mostly. Almost no minorities. Curious as to what’s up in your area.

Seems those cut by wealth management are getting less severance than other areas. Others we hear are getting 3 weeks per year at firm, wealth is giving 2.

(1) You are in office, and the phone rings, exhibiting it's from a meeting room. (2) You usually do not go to office on Tuesday or some other day, but your manager asked "would you mind to have a catch up on Tuesday (or XXXday)?" (3) Your manager... — read more 

Do you get a last minute call from HR? How does it work for those who are wfh?

Anyone know how baltimore will be affected?

Heard through the grapevine that there is AT LEAST another 2 more weeks of layoffs

Any news on how many cuts are planned for Montreal?

I hope it is. Perhaps someone is willing to share the details?

Why can't we just get it over with?

Hearing of Emea and Asia cuts tomorrow.. let us keep this trail going. No names but some hints on the groups impacted, please

Communication has gone out to those affected.

when is it starting for EMEA and Asia? Looks like is already started in the US?…

I heard that many managers let go those who don't go to office on the same days as they do. If the manager goes to office on Mon, Wed, Thu, and the employee goes on Mon, Tue, Fri, the employee impresses the manager as only going to office one day a... — read more