Morgan Stanley cutting 2,000 jobs in March to improve efficiency
What’s going on at Morgan Stanley?
Morgan Stanley is reportedly planning to cut around 2,000 jobs in March to improve operational efficiency.
According to news outlets, including Bloomberg and Reuters, the workforce reduction won’t affect financial advisers and isn’t related to current market conditions.
Some of the job cuts are tied to performance, while others are the result of changes to locations where the bank operates.
SEE ALSO
• Morgan Stanley to axe 3,000 jobs, second major cut in months
• JPMorgan Chase eliminating hundreds of jobs in February
• Meta conducts performance-based job cuts in February
• Tariffs in Canada: News, Layoffs, and Employee Rights
Impact on Canadian staff
It remains unclear if Canadian employees at Morgan Stanley are being let go.
According to LinkedIn, the company has more than 3,000 workers in the country.
ADDITIONAL RESOURCES
• Can I be fired after a bad performance review in Ontario?
• What Albertans need to do if they’re fired after a bad performance review
• Fired after a bad performance review in B.C.: Employee rights
If you’re a non-unionized employee, check out our Morgan Stanley Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.
Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.
If you’ve lost your job at Morgan Stanley for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.
Contact your union immediately. By law, employment lawyers can’t represent unionized employees.
Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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