Morgan Stanley Cuts 2500 Jobs, Embraces AI
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Morgan Stanley, despite record revenue and crushed profit estimates, lays off 2500 workers across divisions, focusing on strategic shifts and performance reviews. The bank plans to hire in other areas, aligning with a broader trend of U.S. firms reducing staff to integrate AI tools.
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