Morgan Stanley planned to cut about 2,000 jobs in its first major workforce reduction under CEO Ted Pick, sparing its roughly 15,000 financial advisers; people familiar said a small share reflected AI and automation.
AI
Press reported AI: Bloomberg's sources said a small part of the cuts reflected AI and automation at the firm.
Each layoff is an announcement a company made or confirmed, with at least one source. Employee totals add the numbers as stated: “about”, “at least” and “up to” figures count as given, and layoffs without a number count toward companies and layoffs only. Headquarters filters use where a company is based, not where the cuts happen.
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