Morgan Stanley plans to lay off approximately 2,000 employees, representing about 2.5% of its global workforce of 80,000. The layoffs, scheduled for later this month, will exclude the firm's 15,000 financial advisers.

This decision aligns with a broader trend among major financial institutions to reduce staff amidst economic uncertainties. Goldman Sachs, for instance, has announced plans to cut 3% to 5% of its workforce.

These measures reflect efforts to maintain operational efficiency in a fluctuating economic landscape.

Despite the current slowdown in deal-making activities, Morgan Stanley continues to invest in senior-level talent within its investment banking division, anticipating a future market rebound.