According to this news article for reasons. Yay or Nay?
https://dailyvoice.com/md/elkton/morgan-stanley-to-lay-off-thousands-of-employees-here-are-reasons-why/
Shifting Priorities: The bank is reallocating resources to high-growth areas.
Performance Reviews: Some layoffs are tied to individual job performance.
Operational Efficiency: The bank is managing costs amid economic pressures.
AI, Automation: Increased use of artificial intelligence is automating routine tasks, reducing the need for certain roles.