Will be joining Morgan Stanley as a new grad through TAP in MS WMT. Was wondering how WMT faired back during the layoffs of 2019. Also, which teams/'fleets' should i avoid during team matching? thank you so much!
Topics regarding layoffs at Morgan Stanley
A lot of people are not happy at MS and I can understand why to an extent, but I consider myself to be very lucky to have a job here despite it all. Have you looked at other banks on this forum? Our issues pale in comparison to what some of them are... — read more
So the bank cut many, many great folks in the last six months so that our CEO could boast that he is the highest paid U.S. bank CEO? This is disgraceful... — read more
Anyone knows what is the severage payment package for UK ?
Noticed that in the last few days the new role hiring adds kicking up notch in LinkedIn. Budgets usually get released in March / April for new hire drives. So not too sure if this is any indication of a small RIF coming up soon or not
Is this going to be an interesting year as it relates to Morgan Stanley Layoffs 2021? Any news or rumors?
I know for the rest of the year there will be no layoffs - or so we’ve been told. But over the last few months I’ve seen too many financial institutions doing “cost reductions,” which usually amount to RIFs, to take anything for granted. Over the... — read more
Can we expect any?
I am a VP equity derivatives trader. I work in one of big banks, think JPM / BAML / Citi. My boss told me that don’t expect a big comp rise this year. In the past, I usually get a 8% to 10% rise every year. However, my bonus still less than... — read more
Per the title, I'm curious as to how far in advance layoffs are planned, and when the news filters down to management. Still got a bad taste in my mouth about the whole treatment.
Any indications about potential Headcount cuts in early 2021? Firm has already publicly commented about the need for less real estate.
I received an offer from M&T bank with a decent position, and I am excited. I have a good job right now. Is it right to move banking at this time?
I want to ask current or past employees, I just got hired for MS and I start soon. I currently got a decent job that happens to be safe during the covid 19 crisis. Im worried about being laid later this year if I move forward with MS. Is it a good... — read more
Does anyone know when will the severance payment come in for those who got laid off in December?
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