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BTCC / BTCC Square / Global Cryptocurrency /
Morgan Stanley Cuts 3% of Workforce After Record $70.6B Year

Morgan Stanley Cuts 3% of Workforce After Record $70.6B Year

Author:
Global Cryptocurrency
Published:
2026-03-05 06:27:01
8
1
BTCCSquare news:

Morgan Stanley is eliminating 2,500 positions across investment banking, wealth management, and trading divisions—a surprising move following its strongest fiscal year. The bank posted $70.6 billion in 2025 revenue, with Q4 investment banking fees soaring 47%.

CEO Ted Pick's restructuring focuses on 'business priorities and location strategy,' though the firm plans selective hiring in unspecified areas. The layoffs contrast sharply with Wall Street's broader trend of crypto infrastructure investments, where institutions like Binance and Coinbase continue expanding custody and trading services for BTC, ETH, and institutional tokens.

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