Thread regarding Morgan Stanley layoffs

This place is doomed

I've been at MS about five years, and I have to say : this place is circling the drain. Working here is like watching a terminally ill patient wheezing on the ventilator. A "to-all" email this morning laughably says that we're making huge progress towards our goal of being "the best technology platform in financial services". You have GOT to be kidding. Our technology is hopelessly outdated and the gap is widening. It's embarrassing. I've lost count of the number of talented colleagues who have decided to jump ship this year. Rumor has it that this year's comp round will be terrible and i'm expecting more exits in January. Everyone is sick of hearing of the id–tic PACE initiative. You only have to check out the share price of IBM to DB to see how Agile has "transformed" their stock into toilet paper. Ugh. So tired of this horrible, dysfunctional company.

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| 4511 views | | 5 replies (last February 27, 2020) | Reply
Post ID: @OP+12xjzOFo

5 replies (most recent on top)

What else to expect from a big evil corporation like Morgan Stanley: abusive work culture treating lower level employees like disposable slaves, opaqueness dishonesty, outsourcing / automation replacement threats, forced overtime, frequent top-to-bottom abuse with continuous wage-theft pillaging from the top level brass managers against the bottom, plus massive robberies against society via the horrible debt-slavery banking system, foreclosure & seizure, increasing further wealth inequality in favor of the evil greedy rich fatcats of the richest top 0.1%. Morgan Stanley is definitely a horrible oppressive company that is doomed to failure.
The world shall be much better place, when Morgan Stanley and other similar greedy big wall street big banks gets entirely wiped off.

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Post ID: @1bctv+12xjzOFo

To the earlier response - no, i didn't get laid off. I'm still here. No sour grapes from me, just the reality that we've cut masses of people with deep expertise and some of that institutional knowledge is probably gone forever. Even if we hired tomorrow (we won't), it will take years to rebuild what has been lost. It's sad, more than anything else.

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Post ID: @4ejj+12xjzOFo

There are some areas of Technology where investment yields competitive advantage. On the other hand, there are systems which have worked "well enough" for decades and will continue to do so until something very, very radical happens in the financial services industry.

You just have to make your way to a team with work that interests you. Here are some projects that might point you in a worthwhile direction:

https://github.com/Morgan-Stanley/hobbes
https://github.com/Morgan-Stanley/SilverKing
https://github.com/Morgan-Stanley/desktopJS
https://github.com/Morgan-Stanley/Xpedite

Internally, there's also FPGA development and more Machine Learning than you can shake a stick at...

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Post ID: @3cwr+12xjzOFo

Ever notice its always the complainers who got laid off who think a company is "circling the drain"

No, its just you, the complainer who is circling the drain.

Morgan Stanley won't miss you and they will be hiring fresh new staff in 2020.

Its all about attitude.

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Post ID: @1cgd+12xjzOFo

Microsoft is alige too

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Post ID: @rcr+12xjzOFo

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