Topics regarding layoffs at Morgan Stanley

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Topics regarding layoffs at Morgan Stanley

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Morgan Stanley Doesn't Expect Wave of Layoffs in US Morgan Stanley Chief Global Economist Seth Carpenter says the economy will slow but he doesn't expect a recession in 2023 during an interview on "Bloomberg Surveillance."... — read more 

CFO's Expect Hard Landing

https://www.cnbc.com/2022/12/28/dow-headed-below-30000-slim-chance-of-soft-landing-for-economy-cfos.html

by Dahn (Higher Education Inquirer)
| 1017 views | | no replies yet
Post ID: @OP+1ksI51nD

End of year review

Just had my end of year review with a mostly failing score. Completely unjustified. It’s obvious this is a tool for another round of layoffs in early 2023. I’ve never been more humiliated. To say the least, my CV has been ready for a while and... — read more 

Morgan Stanley Analyst Sounds Pessimistic...

"'We're looking for an earnings recession that could be as big of a surprise to the market as it was in '08.'" An earnings recession is likely not priced into the market yet, W*said, warning investors of more downside to come."

by Dahn (Higher Education Inquirer)
| 1040 views | | no replies yet
Post ID: @OP+1kguBt74

401K Benchmarking Exercise - Assistance Requested

I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more 

Comp Day 2023

So the latest word is comp will be the lowest in a decade. It’s going to be a very lean Xmas.

Layoffs in New York

How many people were laid off in New York?

by Anonymous
| 1181 views | | no replies yet
Post ID: @OP+1kbTQeMf

Did anyone hire a severance attorney?

I got laid off and received an email to e-sign the severance agreement. should I ask a severance attorney to review it before I sign? Did anyone hear any stories about hiring a severance attorney?

Laid Off In Baltimore

I was laid off on Tuesday. Funny thing was they were waiting for me to be upset. It was a horrible place to work. Severance…90 day notice period and severance payment that appears to be about another 2 months.

1,500 Layoffs

So, 2% is about 1,500 to be laid off... Here is the headcount blurb from our 10-K report, 12/31/2021: 75K employees. Employees: - Our employees are our most important asset. With offices in 41 countries, we have approximately 75 thousand... — read more 

How do lay-off rounds work?

Clearly there was a fresh round of layoffs today. Is that typically it? Do companies like MS stagger them? Or usually cut one and done.

Severance

Any details on severance package?

Big Layoffs in Progress (Tue Dec 6 2022)

It looks like only folks on the Investment Banking side are being affected, please reply and correct me if I am off. Gorman said last week that there will be "modest" cuts, so I do not think anyone is surprised. So far NYC and London reported cuts... — read more 

Layoff

Got laid off today in NY

Any updates?

How is New York holding up? Any updates from West coast?

Buckle up and good luck everyone!

This is perhaps the worst period to be laid off, but remember that you all have good skills and will find a new, better opportunity very soon.

Laid off in New York

Very robotic and uncaring. Just reading from a script. MS does all their layoffs in December to not pay 401k matches or bonuses.

Just laid off.

I know of two people laid off today 12/6/2022. Myself and one other person. She was a Vice President. I was a grunt.

It's happening

Layoffs have started taking place in London today, NY/Montreal to be hit later

Comp

Anyone heard what day comp is due in January?

Modest layoffs...

https://seekingalpha.com/news/3913132-morgan-stanley-making-modest-job-cuts-globally-ceo-says

by Dahn (Higher Education Inquirer)
| 2663 views | | 8 replies (last )
Post ID: @OP+1jY9BAnn

Toxic boss

I like working at MS as it’s a good place. But we had a reorg 3 months ago and I really don’t like my boss at all - micromanaging and always challenging in a negative and snappish manner. Anyone know the process to request a manager change? — read more 

by Anonymous
| 1510 views | | 1 reply (last )
Post ID: @OP+1jVdskit

News on layoffs

Rumor has it lists are ready and no one is an exception

I wish we didn't know yet

We now have weeks of thinking about this and wondering if this is it. I'd rather they just announce it today and do it at the same time. It's healthier. Yes, there's no time to prepare but if you're not prepared by now for the possibility of being... — read more 

Comp Day

Any early news on what we can expect from comp day this year?

From the top

https://www.marketwatch.com/story/morgan-stanley-evaluating-job-cuts-ceo-says-11666021780

RIF

Any news or rumors if there are any planned cuts in November or December?

The tides are changing

For those who refuse to come back to the office, you should be worried. Power is now shifting back to the employer as the job market tightens. Comp is the least of your worries. Your job is now on the line - it’s probably already been eliminated... — read more 

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