2000 Cuts

Good luck all.

Morgan Stanley Workforce Reduction – March 2025

Layoffs Planned: Morgan Stanley will cut 2%–3% of its global workforce (~2,000 employees) by the end of March 2025
Exclusions: Financial advisers are not part of the layoffs
Reasons for Cuts:
|-------- Reassessment of employee location and performance
|-------- Cost management under new CEO Ted Pick
|-------- Increased use of automation and AI
Not Market-Driven: Layoffs are not directly tied to inflation or economic anxieties
Strategic Additions: Despite cuts, the firm is hiring in some areas—particularly higher-level roles in investment banking
Industry Context:
|-------- Follows reports that Goldman Sachs plans to cut 3%–5% of its staff
|-------- Reflects a broader industry trend amid economic uncertainty
Executive Commentary:
|-------- M&A and IPO activity are currently “on pause”
|-------- Uncertainty around trade policy is impacting markets, but also driving demand for financial advice
Stock Performance: Morgan Stanley shares are up 33.6% over the past 12 months

Source:
https://www.marketwatch.com/story/morgan-stanley-is-the-latest-bank-to-trim-its-workforce-heres-why-3ea68ae1

4 replies (most recent on top)

This places su-ks and treats people so bad. They cut people in the worst time. It will be almost impossible to land another job anytime soon

Rising costs for a company that essentially generates revenue by moving numbers around… The only thing the exces seem to be focused on is inflating the stock price to please the board & the fastest way to do that is axing employees (and the know that Wall Street reacts blindly to headcount cuts)

We've become so accustomed to hearing about layoffs that it's troubling how normalized they've become - 100%, people are not even paying attention any more... Even 100 job losses shouldn't be seen as routine, it's a huge trauma and we just ignore it - each of those jobs likely supports a family, so you're really looking at around 300 lives being impacted by this (what we consider) small cut.

Now, talking about 2000, we'll that's a number, it's a small city size kind of population that's affected.

But rest assured, those on the top will be making even more money.

So how much do you really need, $1B or two, or twenty? Does that even change anything in your life?

What if the burger joint had a bunch of executives who never flip a single burger but take home most of the profits?

That’s where I’d start cutting back, I’d trim the fat at the top. It'd be a bigger bank for a buck.

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2000 Cuts

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