{
    "success": true,
    "data": {
        "id": 1591146,
        "msgid": "profits-up-again-this-famous-bank-cuts-2-500-jobs-1772726833",
        "date": "2026-03-05 15:18:05",
        "title": "Profits Up Again, This Famous Bank Cuts 2,500 Jobs",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Banking",
        "summary": "Morgan Stanley reportedly laid off around 2,500 employees across its business lines as it posted record earnings for 2025. The cuts, affecting about 3% of its global workforce, come despite strong 2025 performance, with investment banking revenue rising and fourth-quarter results beating expectations. The moves reflect a broader trend of corporate layoffs in the United States amid rising adoption of artificial intelligence and automation.",
        "content": "<p>The US-based investment banking giant Morgan Stanley is reportedly\nundertaking large-scale layoffs affecting around 2,500 employees across\nits businesses. The cutbacks come as the company\u2019s performance is at\nrecord highs. Reuters reported on Thursday, 5 March 2026. The mass\nlayoffs mainly target staff in three core banking divisions: investment\nbanking and trading, wealth management, and investment management, with\nfinancial advisory roles said to be spared. The layoffs are being driven\nby strategy and individual performance, and the bank intends to increase\nheadcount in other areas. Morgan Stanley employed around 82,992 people\nworldwide as of 31 December 2025. Thus, the layoff wave affects around\n3% of the total global banking workforce. Interestingly, the efficiency\nmove follows Morgan Stanley reporting very strong results in 2025, with\nrecord annual revenue. In January, Morgan Stanley also reported\nfourth-quarter earnings that beat Wall Street expectations, driven by a\n47% jump in investment banking revenue amid higher corporate deal\nactivity and nearly doubling of debt underwriting fees. Executives had\npreviously expressed optimism about 2026, supported by a pipeline of\nmergers and acquisitions (M&amp;A) and initial public offerings (IPOs)\nthat were still strong. On the other hand, market volatility triggered\nby AI disruption concerns in legacy technology and geopolitical tensions\nhas increased trading activity on the desk, as clients reposition\nportfolios to guard against risks. It is perhaps not surprising that a\nrenowned investment bank would pursue mass layoffs when performance is\nstrong. Beyond Morgan Stanley, similar layoff waves have hit various US\nfirms since the start of the year as companies streamline operations\namid rising adoption of artificial intelligence across their business\nlines. At the end of last month, Jack Dorsey-led payments company Block\ncut more than 4,000 jobs as part of a restructuring to integrate AI\nacross its operations, a figure representing almost 50% of the\nworkforce.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/profits-up-again-this-famous-bank-cuts-2-500-jobs-1772726833",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}