Morgan Stanley has laid off 5,500 employees across 2 rounds since 2023.
5,500
Total Laid Off
2
Rounds
Finance
Industry
Mar 2026
Most Recent
March 4, 2026
2,500 employees(3% of workforce)
Morgan Stanley cut about 3% of its workforce — roughly 2,500 roles — across all three of its divisions, including banking and trading, wealth management, and investment management.
May 1, 2023
3,000 employees(5% of workforce)
Morgan Stanley cut 3,000 roles as Wall Street dealmaking volumes continued to slow.