Morgan Stanley Trims Workforce, Big Tech Cuts Jobs for AI


Author: The Daily News Now! March 5, 2026 Duration: 1:13
Podcast episode
Morgan Stanley Trims Workforce, Big Tech Cuts Jobs for AI

Morgan Stanley, despite a record year, is reducing its workforce by three percent, affecting various divisions but excluding financial advisors. This move is part of a strategic shift towards AI, a trend also seen at Block and Amazon. Despite these cuts, the private sector added jobs in February, exceeding expectations.

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