Morgan Stanley is cutting 3% of its workforce in core business lines, including banking, trading, and wealth

Morgan Stanley is implementing a round of layoffs that will affect 3% of its workforce, Business Insider has confirmed.

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• Morgan Stanley is reducing 3% of its global workforce, Business Insider has confirmed.
• The firm is reducing roles in all three corporate business lines.
• Key drivers of the cut include performance reviews, location, and business priorities.

Morgan Stanley is reducing its global workforce by 3%, Business Insider has confirmed.