Morgan Stanley Layoffs

Topics regarding layoffs at Morgan Stanley

Severance Payment

Does anyone know when will the severance payment come in for those who got laid off in December?

New Job since layoff

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.

COVID 19 - December Layoffs - COBRA extended?

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?

Etrade purchase - layoffs coming ?

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...

Who else got a donut?

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?

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Who else finds this laughable?

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 

any news on the March layoffs?

usually, there is a March layoff every year, after the big layoff in December, will there be one in March 2020 here in Montreal?

Lee Hecht Harrison

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

Good summary of what happened

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.

What Goes Around Comes Around

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.

PM (contractor) and Development (FTE) Roles

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 

This place is doomed

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 

Severance package is ridiculous

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 

Double standards

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 

Next round in January or March?

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 

Tech: Thank your stars!

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 

When your boss asks you to stay late...

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 

The sad part of it all...

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 

A questions for VPs and EDs who manage people

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.

What profile of workers was affected the most?

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 

I am very sorry...

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 

Accrued but unused vacation days?

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 

Montreal

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 long hours at Morgan?

"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 

New found out on Sunday

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 

You'll love this

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.

Morgan Stanley at its finest

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 

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