Morgan Stanley plans to lay off approximately 2000 employees this month. This measure is part of a cost-cutting program that began last year. To reduce expenses, the bank is also conducting an assessment and restructuring of its divisions.
One of the bank's representatives confirmed this information, adding that Morgan Stanley aims to optimize its operational structure and adapt to changing conditions in financial markets. These changes will allow the bank to become more competitive and efficient.
"Layoffs are an inevitable part of the process of reorganizing and optimizing our business. We are doing everything necessary to support sustainable growth and create value for our clients," noted the bank's representative.
