Internal restructuring
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.1 - Monetary intermediation

1,600 jobs
Number of planned job losses
Job loss
Announcement Date
14 December 2011
Employment effect (start)
1 January 2012
Foreseen end date
31 March 2012


Morgan Stanley, a global financial service firm, will lay off 1600 employees during the first quarter of 2012. The 1600 jobs will be cut around the globe and across all job levels. A spokesperson of the bank detailed that also management functions will be affected. The cuts represent 2.6% of Morgan Stanley's global workforce.

The company stresses that during 2012 no additional jobs will be cut. However, in a similar year-end evaluation at the end of 2012, Morgan Stanley will re-evaluate its workforce for 2013.

The investment bank reacts on shrinking revenues.


  • 15 December 2011: Financial Times
  • 15 December 2011: New York Times


Eurofound (2011), Morgan Stanley, Internal restructuring in World, factsheet number 72892, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72892.