Morgan Stanley Plans to Cut 2,000 Jobs, Says Bloomberg News

On March 18, Morgan Stanley announced its intention to lay off approximately 2,000 employees later this month, as reported by Bloomberg News, citing sources familiar with the matter. This significant reduction in the workforce, under the leadership of CEO Ted Pick, is scheduled to affect all areas of the firm, excluding its roughly 15,000 financial advisers. At the time of reporting, Morgan Stanley had not yet responded to a comment request from Reuters.