Those who're getting laid off on the tech side should thank their stars. The next few years for Morgan look pretty damn turbulent. The leadership doesn't even have a clue..
Alige will fail miserably.. as it has no place for MDs and EDs and the MS has a very rigid hierarchy, they wouldn't be able to transform it out.
The push to the Cloud is so mismanaged, while it's a huge opportunity to set the infrastructure and warehousing right, the way it's being approached is so lame. Like most other initiatives, the firm will fail hard and then backtrack to do it right.
The market is changing pretty fast, while finance used to be the paymaster in the yore, tech is reining supreme at this time. The likes of Amazon, Facebook and Microsoft are hiring and paying big bucks in all prime locations.. NYC included.
One of the associate level guy I know, got laid off last year, got hired in one of the tech orgs and is making more than twice now. So brace yourself, use the paid off time you get and fast track your career into something more beneficial and satisfying. Good luck.