Morgan Stanley layoffs: 2,500 jobs cut — Who is affected? What’s behind the layoffs? All you need to know

Investment banking giant Morgan Stanley has reportedly laid off 2,500 people, or about 3% of its total workforce.

The development was first reported Wall StreetJournalhe cited people familiar with the subject. It has not been officially confirmed yet.

Who is affected?

Jobs have been cut across key departments at Morgan Stanley, with layoffs affecting three main divisions: investment banking, trading and wealth.

However, the layoffs will not affect Morgan Stanley’s financial advisors. WSJ he reported, citing his source.

At the time of writing this, it was not clear which geographies would be most affected.

Why is employment being cut?

Although thousands of recent layoffs have been linked to the advent of artificial intelligence (AI), Morgan Stanley’s decision to reduce its workforce appears to be unrelated to AI.

2,500 layoffs were based on strategy and individual performance. Reuters He reported it by quoting a person familiar with the matter.

Morgan Stanley had a global workforce of 82,992 people as of December 31, 2025.

(This is a developing story. Check back for updates)