The long awaited event appears to be unfolding. Morgan Stanley isn't responding to requests to comment, but multiple sources say that this is the week that the bank has tabled its cuts and that today is the day they are beginning.
https://www.efinancialcareers.com/news/2023/05/morgan-stanley-cuts
https://www.efinancialcareers.com/news/2023/05/duncan-williamson-morgan-stanley
Morgan Stanley's job cuts included a recently promoted MD in ECM
Audit did well today
Yep, major cut off was today ( Wednesday), I was also part of it. Anyone knows how termination package works? I got some lump sum offer but dunno how they calculate those numbers
I’m one of them
I was asked by teammate not to come to work tomorrow, although casually. Am I at risk?
It’s tomorrow
Some areas already started. People already let go. The big wave is tomorrow, Wednesday . Good luck
the article says 'today is the day they(cuts) are beginning'... did not they start last week, in some areas, and the other areas are expected tomorrow(wednesday), not today? is it happening today, can someone confirm?