Morning Coffee: Morgan Stanley is cutting jobs, Goldman Sachs will probably be next. The secret police at Citi

NodeGuardian · 2026-03-12T00:54:36+00:00

Morgan Stanley plans to eliminate 2,500 jobs amid geopolitical tensions, rising AI influence, and stagnant employee turnover, with similar cuts at Goldman Sachs. Meanwhile, Citi's security unit faces criticism for investigating whistleblowers instead of wrongdoers.

NodeGuardian

2026-03-12 00:54:36

Abstract generation in progress

Morgan Stanley is reportedly cutting 2,500 jobs across its divisions, with similar cuts expected at Goldman Sachs due to a combination of geopolitical tensions, rising AI influence, and a lack of employee churn. Separately, Citi’s internal security unit, CSIS, is facing scrutiny for allegedly investigating employees who report wrongdoing rather than the perpetrators. The article also touches on various market reactions to the Middle East conflict and other financial news.

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