Morgan Stanley APAC layoff
Heard today MS APAC has a bloody layoff… any insight on the scale or even the list to share?
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Massive… was a total disaster literally
... any additional context?
Heard 40 laid off in HK - per the Aussie Corporate. Bunch of layoffs in Australia as well apparently
Mostly under performers?
Apologies if this is curt, but this is a very dumb question. It never makes sense to paint ppl that were laid off as “underperformers”. Ppl get laid off because the team is under performing. One of firings - sure.
“Not performance based” per internal source. Just to cut costs because the entire industry is underperforming.
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