Morgan Stanley (NYSE:MS) is set to eliminate 2,500 positions globally as part of a strategic reshaping of its US and international operations, according to reports.
The layoffs represent roughly 3% of the bank’s workforce and will affect employees across wealth management, investment banking, and investment management divisions.
The cuts come after a record 2025 for Morgan Stanley, which reported historic annual revenue in its investment banking and trading units. The bank did not immediately comment on the reasons for the job reductions.
The move aligns with broader industry trends as financial institutions increasingly turn to artificial intelligence and automation, prompting cost reductions and workforce realignments. Analysts have noted that AI-driven job cuts are spreading across banking and other sectors.
Morgan Stanley joins a growing list of banks adjusting staffing levels despite strong financial performance, reflecting a shift in priorities toward technology integration and operational efficiency.
Shares of Morgan Stanley were down nearly 2% on Thursday morning.