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mass layoffs at morgan stanley signal challenges in financial sector stability

Morgan Stanley plans to cut around 2,000 jobs to reduce costs, a move that will not affect financial advisors and was decided prior to recent market corrections. The financial sector, which initially thrived post-election due to expectations of deregulation, is now facing pressure, raising concerns about potential broader trends in job cuts and policy uncertainty. Despite some firms like JP Morgan reporting gains amid market downturns, the overall outlook for financials hinges on clarity regarding pro-business policies and the implications of cost-cutting measures.

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