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flag Morgan Stanley plans to lay off around 2,000 employees to boost efficiency, joining other firms cutting jobs.

flag Morgan Stanley plans to lay off around 2,000 employees, or 2% to 3% of its workforce, excluding financial advisers, to improve efficiency. flag This move is part of a broader trend among Wall Street firms, with Goldman Sachs also planning job cuts. flag Morgan Stanley's CEO, Ted Pick, initiated the cost-cutting strategy before recent market volatility, and the layoffs are not tied to current market conditions.

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