New Delhi, March 5 -- Investment banking giant Morgan Stanley has reportedly laid off 2,500 people --- about 3% of its total workforce.

The development was first reported by The Wall Street Journal, which cited people familiar with the matter. It has yet to be officially confirmed.

Jobs were cut across major departments of Morgan Stanley, with the layoffs affecting three major divisions - investment banking, trading, and wealth.

However, the job cuts will not affect Morgan Stanley's financial advisors, WSJ reported citing its source.

As of writing this, it was unclear which geographies would be the most affected.

Despite thousands of job cuts of late being linked to the advent of artificial intelligence (AI), it appears that Morgan S...