Investigation of Layoffs at Morgan Stanley
Sanford Heisler Sharp McKnight, a national employment rights law firm, is investigating potential claims of wrongful termination, discrimination, retaliation, and violations of the WARN Act surrounding the reported layoffs at Morgan Stanley.
According to Bloomberg, Morgan Stanley is planning to lay off approximately 2,000 employees before summer 2025 as part of firmwide cuts. Bloomberg reports that some of the company’s terminations are related to employees’ performance and others are a result of artificial intelligence, automation, and changes to where some of its workers will be based.
Layoffs that are categorized as “performance-based” can mask violations of employment law. You may have been wrongfully terminated if your termination is based on a protected status (e.g., race, gender, religion, sexual orientation, sex, pregnancy, national origin, age, or disability).
Steps to Take When Presented with a Severance Agreement
Sanford Heisler Sharp McKnight’s blog, Working for Justice, reviews various aspects of severance agreements and helpful considerations for understanding their impact. As the blog’s authors share, “[w]hen your employer presents you with a severance agreement, it is understandable to feel overwhelmed by the agreement itself and the ‘legalese’ within; by your termination and the prospects of finding new employment; and by the circumstances that led to this agreement.”
To ensure that your workplace rights are protected, a severance agreement should always be reviewed prior to signing it, as severance agreements sometimes include non-disclosure agreements (NDAs) to keep the details of your layoff from becoming public, and non-disparagement clauses that can easily expose the laid-off employee to legal liability.
If you were laid off by Morgan Stanley and you believe your rights may have been violated, please contact our firm today.
We Represent Executives in Disputes with Their Companies
With an office in New York and five other cities across the country, Sanford Heisler Sharp McKnight is a leading advocate for working-class professionals and C-suite executives’ employment rights.
Most of the matters we handle are settled confidentially before a lawsuit is ever filed. Our Executive Representation Practice Group, led by Firm Chairman David Sanford, has negotiated hundreds of millions of dollars in pre-suit settlements for individuals with claims against their employers in the tech, finance, legal, medical, biotech, fashion, consulting, telecommunications, and pharmaceutical industries.
Our attorneys understand the complexities involved in bringing a claim against your former employer, and our communications with an employer’s counsel remain private throughout the phases before a complaint is filed that lead to settlement. In the event we need to and agree to file your case, we would commit all of the resources necessary to ensure a level playing field.
