Morgan Stanley Is Laying Off 3% of Its Workforce. Financial Advisors Are Spared.

Core Viewpoint - Morgan Stanley is laying off approximately 3% of its global workforce, which translates to around 2,500 employees, primarily affecting corporate offices while financial advisors remain unaffected [1][1]. Group 1 - The layoffs were first reported by The Wall Street Journal [1]. - The majority of the cuts will impact private bankers and corporate office staff [1].