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

Morgan Stanley Doesn't Expect Wave of Layoffs in US Morgan Stanley Chief Global Economist Seth Carpenter says the economy will slow but he doesn't expect a recession in 2023 during an interview on "Bloomberg Surveillance."... — read more 

https://www.cnbc.com/2022/12/28/dow-headed-below-30000-slim-chance-of-soft-landing-for-economy-cfos.html

Just had my end of year review with a mostly failing score. Completely unjustified. It’s obvious this is a tool for another round of layoffs in early 2023. I’ve never been more humiliated. To say the least, my CV has been ready for a while and... — read more 

"'We're looking for an earnings recession that could be as big of a surprise to the market as it was in '08.'" An earnings recession is likely not priced into the market yet, W*said, warning investors of more downside to come."

I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more 

So the latest word is comp will be the lowest in a decade. It’s going to be a very lean Xmas.

How many people were laid off in New York?

I got laid off and received an email to e-sign the severance agreement. should I ask a severance attorney to review it before I sign? Did anyone hear any stories about hiring a severance attorney?

I'm still struggling with anxiety and low morale, which affects my job performance.

I was laid off on Tuesday. Funny thing was they were waiting for me to be upset. It was a horrible place to work. Severance…90 day notice period and severance payment that appears to be about another 2 months.

So, 2% is about 1,500 to be laid off... Here is the headcount blurb from our 10-K report, 12/31/2021: 75K employees. Employees: - Our employees are our most important asset. With offices in 41 countries, we have approximately 75 thousand... — read more 

Clearly there was a fresh round of layoffs today. Is that typically it? Do companies like MS stagger them? Or usually cut one and done.

Any details on severance package?

Layoffs happening, don't know when it will be done. NY/MTL

Any media coverage of the layoff?

It looks like only folks on the Investment Banking side are being affected, please reply and correct me if I am off. Gorman said last week that there will be "modest" cuts, so I do not think anyone is surprised. So far NYC and London reported cuts... — read more 

Got laid off today in NY

How is New York holding up? Any updates from West coast?

I just joined the firm end of June and just got layoff as of Dec 6,2022,today

This is perhaps the worst period to be laid off, but remember that you all have good skills and will find a new, better opportunity very soon.

Very robotic and uncaring. Just reading from a script. MS does all their layoffs in December to not pay 401k matches or bonuses.

I know of two people laid off today 12/6/2022. Myself and one other person. She was a Vice President. I was a grunt.