Deutsche Bank Ax Swings in Global Hubs

The video discusses the significant job cuts at Deutsche Bank, focusing on the equity sales and trading division. It highlights the challenges faced by employees in the banking sector due to automation and technological changes, reducing job opportunities. The discussion also covers the impact on Asia, particularly in Hong Kong, where employees are concerned about communication from headquarters and potential real estate implications.

Which division at Deutsche Bank is initially facing the deepest job cuts?

• Asset management

• Retail banking

• Corporate finance

• Equity sales and trading

What is the total number of jobs Deutsche Bank plans to cut?

• 5,000

• 10,000

• 18,000

• 25,000

How has automation affected team sizes in the banking sector, according to the CEO of Goldman Sachs?

• Increased team sizes

• No change in team sizes

• Reduced team sizes significantly

• Team sizes have doubled

What potential career transition is suggested for displaced banking employees?

• Healthcare

• Fintech companies

• Real estate

• Manufacturing

What concern do Deutsche Bank employees in Asia have regarding the job cuts?

• Relocation to Europe

• Lack of communication from headquarters

• Increased workload

• Lack of severance packages