Does anyone know when will the severance payment come in for those who got laid off in December?
Topics regarding layoffs at Morgan Stanley
With this virus, how many of you were cut before xmas, and were able to land a job now that there is a virus going around. I'm in Montreal, and did have a job offer for DBA, but was cancelled due to the outbreak, so am still looking.
So looks like no cuts are planned contrary to rumours benign told https://www.bloomberg.com/news/articles/2020-03-26/morgan-stanley-s-gorman-vows-no-cuts-to-bank-s-workforce-in-2020
Hello - I have heard that others are asking that MS extend COBRA payments for medical, dental and vision, through 2020 for those that were laid off and whose coverage will end in March, plus six weeks in additional pay? Have others heard this?
Thoughts? Comments? Where is this taking us?
With the news of etrade purchase surely several corporate job functions will be merged: trade surveillance, auditing , etc. this is the place to record all such news . Starting the engine to record important news related personnell...
What's the cumulative employee count for the entire company? How many, out of that number work at NYC?
As expected, my 2019 bonus was a whopping $0. I expected this given that im "at risk" but still hoped i might get some token amount. People also at risk - did you get donutted too, or am i just a lemon?
Morgan Stanley (MS.N) Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide. Poor... — read more
Always an excuse to not pay ppl....zero transparency...
usually, there is a March layoff every year, after the big layoff in December, will there be one in March 2020 here in Montreal?
Has any new information surfaced now that January has started? Anything to confirm or hopefully deny this rumor?
Or is it going to be the usual story
Anyone reached out to/knows about this agency for resume polishing/potential job opportunities? This was listed on the separation document as a consulting firm whom we can reach out to if we need any help with above
Whoever wrote this article seems quite well-informed : https://news.efinancialcareers.com/uk-en/3002893/morgan-stanley-technology-layoffs I know some of the people named, and I can confirm they've gone.
If it's any consolation, the MD who had me fired four years ago was bumped off himself last week. The guy was a blithering id–t who could endlessly blather for hours with no content that fooled the fools in upper management. Goodbye Mr Z.
I would like to help those who've been affected by the layoffs as best as I can, just not sure what is the best way to do it. For now, be on the lookout for updates to the 'MSIT Active & Alumni Facebook Page'. I've been contacted about potential... — read more
I've been at MS about five years, and I have to say : this place is circling the drain. Working here is like watching a terminally ill patient wheezing on the ventilator. A "to-all" email this morning laughably says that we're making huge progress... — read more
A colleague got let go this week and I just got time to catch up with him. He is a very honest and hard-working guy. With over 13 years he got only 3 months salary. How could that be? Isn't that street standard to give 2 weeks for each year of... — read more
Just wondering why no one is raising any concerns about misuse of travel budget across the region? If cost cutting is the sole motto of this layoff, then why no one from higher ups are monitor how some corrupt MDs and their EDs are abusing the travel... — read more
Some people are saying we can expect the next round in January and some seem convinced we are safe until March. Is there any way to find out for sure which of these is right? Neither of them is good, of course, but March option would at least give... — read more
Anyone else? Condolences to those affected. Sounds like the competition gets the win.
I heard it's 3N + 1 weeks of base salary if you worked for 1 year, then can get 4 weeks' salary?
go to @12nq0mOz or thelayoff.com/t/12nq0mOz
Those who're getting laid off on the tech side should thank their stars. The next few years for Morgan look pretty damn turbulent. The leadership doesn't even have a clue.. Alige will fail miserably.. as it has no place for MDs and EDs and the MS... — read more
I guess this is a reminder to never put a company before what actually matters in life. When you work your a– off for a company, it creates a culture where working your a– off is expected from everyone and becomes the norm. Don't let them exploit... — read more
I haven't got laid off (YET) and I feel worse, I think if I was laid off I'd probably feel better, now I'm going to remember this as, this is how the company that I work for treats people, no matter what hard working and the timing kind goes to show... — read more
Were you told or given any hints about your assoc getting let go? I’m curious because it’s been slow the past few weeks (for everyone actually, due to the holidays), I asked my manager for more tasks but I got nothing, and this happened.
Other then the fact that the older folks are always first on the chopping block, I curious to know were there any specifics to the employees that got laid off recently? Could anyone tell at their location that a certain employee type was targeted... — read more
Don’t forget to donate to the annual appeal y’all!
I know it may mean nothing but I want to say from the bottom of my heart how sorry I am to everyone who was made redundant. I am sure that if I ever had the pleasure of interacting with you, it has enhanced the last year of my life in some way... — read more
I was let go yesterday ( VP, tech in NY ). Was kind of expecting this since the august townhall mentioned 25% cut in NY. It may be 2% off overall but is mostly NY-centric. Its sad but not the worst given the place is becoming a sweatshop... — read more
Some VPs in Montreal lost their entire team. I can't imagine these VPs sticking around for long, and wouldn't be surprised if they will be laid off in January.
"why do people work weekends and long hours?" Almost everyone is short staffed. For some people, if they don't work longer hours, the work will not be done. Bureaucracy. It's really hard to get things done at Morgan. And our new religion... — read more
what were people offered?
Over the last 15 years I have worked for 5 banks as an FTE and Contractor and have to say the following. 1) Working in tech for banks is pretty much the same everywhere. After the 2008 crisis everything including bonuses went down the drain for... — read more
Layoffs were originally scheduled for Tuesday 12/10. I got wind that the news found out about the layoffs on Sunday, so MS had to scramble and start the layoffs on Monday. That's why your separation letter is dated 12/10. Now curious to find out who... — read more
I was a 50% Agile Coach, 50% my regular day job. The firm wasted so much money on consultants this year, they had to let go of some of their hardest working.
Well there you go, was shocked i got selected for the guillotine, when i say this it’s in correlation to the agile “displacement” process at hand. They failed to measure individual positive impacts, and was completely a measure of management liking... — read more