Morgan Stanley lays off 2,500 employees despite record profits
Morgan Stanley lays off 2,500 employees despite record profits
- Morgan Stanley is laying off about 2,500 employees, representing 3% of its global workforce, across multiple divisions.
- The layoffs are driven by strategic business priorities and come despite the bank's record revenue achievements in 2025.
- This trend reflects a larger movement in the corporate world as firms streamline operations and adopt new technologies.
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