Anyone know if mortgages are affected in todays layoffs?
For those of us who'd really like to know what's going on with their former coworkers.
“Morgan Stanley plans to cut several hundred jobs in its wealth-management division as new Chief Executive Ted Pick seeks to rein in costs in an area that is critical to the Wall Street firm’s success but has shown signs of weakening lately. The... — read more
Fishbowl app is saying layoffs coming in WM by end of February… would not make sense for them to let people off AFTER bonuses are paid, right?
Earnings are not bad .. any impact after the release?
Anybody hear about that?
If you received a sub-5% raise this year, and are in a back office position with little-to-no transferable skills (bonus if you are
Share any updates you may have about Morgan Stanley layoffs? Any chatter, news or rumors?
He gave himself A- as CEO.
Has anyone heard anything about further layoffs happening? I'd have thought it would happen this week. Is there definitely going to be one?
What have you heard? Seems it's a pretty mixed bag. Drop a comment below if you're living in fear like me.
Why are people certain there will be layoffs next week? Did I miss an announcement or something?
I was paying $135 a month for Cigna A in premiums through payroll. After being let go, I received notice that my COBRA rate would be $1488 a month—for just myself. Is this the same for everyone? It seems like an error because I thought it would... — read more
Hope we all enjoy our long weekend. The annual sla-ghter starts next week and it’s going to be a hard one.
Does anyone know how many employees were laid off in the last week? Surprisingly, there is nothing in the news about it so it seems MS kept it pretty quiet. My NJ office only has about 30 employees, includes both FA’s and staff, and three were laid... — read more
I have heard it from around ~15 people in AD&I. Any other updates? on locations? and number? why isn't there a warning notice?!
Has anyone been impacted yet?
Rumor is WM home office is doing imminent cuts and may have already started. Very demoralizing for 2nd round in year.
Any word on another as usual RIF in December?
The longer you work in MS, the more you lag behind your peers in other companies. Most of people I know (including myself) landed in new jobs with higher titles and over 20% $$. Law forbids HR from asking you how much you were making in MS, they... — read more
it was for kyc/aml remediation. The managers were brand new but the company itself seemed awful. 3 months from first interview to offer. glad I didnt take it seemed like mostly mouth breathers from new jersey work there
Leave now and come back 18 to 24 months after the new CEO starts…..That way he puts his new people in and you will be part of the new regime. Next 18 to 24 months will be an office politics nightmare!
Does anyone know the latest in the year you can start to get a prorated bonus?
There was one last year in addition to the RIF May 2023
from a very senior person
Specifically in the compliance department. Thank you for your help
Has anyone ever been given severance package while on long term disability? I’ve been out for over two years but still an “inactive” employee. I was really hoping they’d give me severance package and terminate me since it’s obvious I’m not coming... — read more
Some people realized that many "doers" were laid off and MS is left with a relatively over-abundance of "talkers". MS needs to beef up some hiring process for "doers".
Rumors starting to kick up again about layoffs for 2nd half of ‘23. Anyone else hearing the same?
Be aware that in June Morgan Stanley posted a warn act layoff notice to take place in August for NJ. https://www.nj.gov/labor/employer-services/warn/
ISG trading down, offset by growth in Wealth Management. Instead of more layoffs, I hear more talk about ending the hiring freeze.