Last mentioned: Mar 5, 2026
Job Cut Announcement
Morgan Stanley announces plans to reduce global workforce by 2,500 positions.
Record Revenue Report
Bank confirms record-breaking revenue across all business divisions for the fiscal year.
Core Scientific Deal
Firm extends $1B credit facility to support AI and data center infrastructure development.
Strategic Shift Declared
Tech banking leadership signals a 'wartime' stance for software and infrastructure investments.
Morgan Stanley has announced a reduction of 2,500 positions, approximately 3% of its workforce, despite achieving record revenue across all business divisions. The move signals a sharp pivot toward operational efficiency and high-growth sectors like AI infrastructure and data centers.