Curated and analyzed by the JobGoneToAI team. Original reporting by el-balad.com.
Morgan Stanley Layoffs Driven by AI Advances, Affecting 3% of Workforce
— el-balad.com
Key Takeaway
Morgan Stanley has announced layoffs affecting approximately 3% of its global workforce, attributed to advances in artificial intelligence. The layoffs are widespread across various divisions, particularly impacting back-office roles that are increasingly being replaced by AI technologies.
From the Original Report
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AI Drives Morgan Stanley’s Latest Layoffs, Say Wall Street Executives
Business
AI Drives Morgan Stanley’s Latest Layoffs, Say Wall Street Executives
Bassyonni
Published: March 8, 2026 10:14 AM ET
Morgan Stanley recently announced layoffs impacting approximately 3% of its global workforce. This decision, attributed to “shifting business and location priorities” and “individual job performance,” is believed by insiders to be primarily driven by advances in artificial intelligence (AI).
AI Drives Morgan Stanley’s Latest Layoffs
According to internal sources, the layoffs are widespread across various divisions, including investment banking, trading, wealth management, and investment management. Many positions that were eliminated involved back-office roles that are increasingly being replaced by AI technologies.
The Role of AI in Workforce Reductions
This is an excerpt. Read the full article at el-balad.com.
Original Source
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