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 

Finding out about layoffs bit by bit is destroying my nerves.

Good for Risk, Legal and Compliance, Audit, IT, Finance, Operations, HR, Strats; Bad for Sales and Trading, IBD, and Portfolio Managers

Or, will they let the usual suspects stay on while punishing the juniors and the innocents?

We know layoffs are coming. There is still some time before they take place. Do not be caught off guard by what are now expected changes that could impact your livelihood. It is crucial that you have a plan in place and that you actively seek out... — read more 

Any insights about when these cuts will take effect?

https://www.reuters.com/business/finance/morgan-stanley-plans-3000-more-job-cuts-bloomberg-news-2023-05-01/

https://www.linkedin.com/news/story/morgan-stanley-earnings-plunge-19-5245161/

Has anyone noticed a lot of people are leaving the Firm? I wonder why so many are bolting and if it’s tied to this years bonus.

The severance doc says we can leave our money in 401k account as is. Does it mean we can still moving money between funds, including MS stock fund? Do we still need to hold at least 30 days?

is there a possibility MS might fire in coming months? given that several companies begun second round of layoffs

when will it be paid?

Several managers lack skills, not all, making them insecure and creating a very low quality environment. There is a lot of show about caring for employees but there's a lack of any actual feeling/empathy, a bit hypocritical. They support their... — read more 

Historically MS layoffs have been in Dec and then some years another round is carried out in Feb. Any rumours of whether a Feb layoff is on the books this year?

Your CEO says returning to office is not an employee choice and neither is your comp. Yes it sure is....you choose to work there or not. This guy has no clue.

https://www.marketwatch.com/story/morgan-stanleys-mike-wilson-warns-u-s-stocks-could-slump-another-22-if-recession-arrives-in-2023-11673291083