Morgan Stanley is slashing about 3% of its global workforce — roughly 2,500 jobs — across its key divisions, as the Wall Street giant realigns priorities amid a banner year for profits, sources familiar with the matter have told The Post.
The cuts hit the Ted Pick-led lender’s investment banking, trading, and wealth management units, the people close to the situation said.
Layoffs began last week, and both Morgan Stanley’s US and international offices will be impacted, they added.
News of the job losses was first the Wall Street Journal reported earlier on Wednesday.
https://nypost.com/2026/03/04/business/morgan-stanley-cuts-2500-jobs-3-of-global-workforce-report/