Morgan Stanley Cuts About 1,500 Jobs in Efficiency Drive

Morgan Stanley Cuts About 1,500 Jobs in Efficiency Drive

Assessment

Interactive Video

Business

University

Hard

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The video discusses efficiency in cost reduction post-crisis, focusing on US and European banks. US firms initially led in cost-cutting, with Citigroup consistently reducing jobs. Recently, European banks have announced significant job cuts. The video also highlights banks' investments in technology and cybersecurity, suggesting a need to balance workforce size for sustainability.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of efficiency in banking as discussed in the video?

Expanding market share

Reducing costs

Improving customer service

Increasing revenue

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which bank has been consistently cutting jobs every year since the financial crisis?

Goldman Sachs

Citigroup

Bank of America

JP Morgan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which region's banks are currently leading in job cuts according to the video?

European banks

Australian banks

African banks

Asian banks

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What areas are US banks focusing on for job cuts?

Technology and back-office operations

Marketing and sales

Customer service

Investment banking

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are banks reassessing their technology workforce?

To integrate more advanced algorithms

To achieve a more sustainable workforce size

To increase the number of employees

To expand into new markets