Morgan Stanley to lay off about 3% of its workforce as job cuts continue in financial sector

NEW YORK (AP) — Morgan Stanley (MS) is laying off roughly 2,500 employees as job cuts continue this year in the financial sector. The layoffs at Morgan Stanley, which account for roughly 3% of its workforce, are taking place across the entirety of investment bank, a person with knowledge familiar with the matter told The Associated Press on the condition of anonymity as the firm is not making a public statement about the layoffs. Like other firms, Morgan Stanley aggressively hired during the pandemic, go ...