Deutsche Bank Said to Freeze Hiring Amid Cost Cuts

The video discusses the challenges faced by European banks, particularly focusing on hiring freezes and their impact on headcount management. It highlights the potential risks of cutting bonuses to improve profitability, which could lead to losing top talent. The conversation also touches on the importance of retaining key personnel during such freezes. The broader context of the banking industry's shrinkage and significant job cuts over recent years is also explored.

What strategy did Barclays use to manage headcount without large-scale firings?

• Expanding operations

• Increasing salaries

• Implementing a hiring freeze

• Offering early retirement packages

What is a potential risk of reducing bonus pools to increase profitability?

• Decreased customer satisfaction

• Higher employee turnover

• Loss of top performers

• Increased operational costs

In a hiring freeze, what is often the exception for certain personnel?

• They are relocated to other branches

• They are given more responsibilities

• They are not subject to the freeze

• They receive additional training

What is the broader implication of the banking industry's shrinkage discussed in the video?

• Increased competition among banks

• Expansion of banking services

• More banks following Deutsche Bank's lead

• Higher interest rates for loans

How many jobs have major banks cut in the last five years?

• 400,000

• 100,000

• 200,000

• 300,000