Deutsche Bank Taps Into Employee Perks for Cutting Costs

Deutsche Bank Taps Into Employee Perks for Cutting Costs

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses Deutsche Bank's efforts to cut costs, focusing on small expenses due to legal and cultural constraints. It highlights the impact of past leadership under John Cryan and the current CEO's challenges in maintaining morale while implementing restructuring plans. The bank faces difficulties with severance packages and legal issues with labor unions, leading to a focus on trimming minor costs. The cultural shift aims to reduce cost overruns and prioritize revenue generation.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of Deutsche Bank's current restructuring plan?

Expanding into new markets

Merging with another bank

Reducing small-scale costs

Increasing employee benefits

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has the cost-cutting strategy affected employee morale at Deutsche Bank?

It has led to decreased morale

It has had no impact on morale

It has improved morale significantly

It has resulted in increased productivity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What issue is highlighted regarding severance packages at Deutsche Bank?

They are smaller than usual

They remain unchanged

They have increased significantly

They are being offered to all employees

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What legal challenge does Deutsche Bank face in Germany?

Prohibition on international transactions

Restrictions on opening new branches

Limitations on executive bonuses

Inability to cut staff due to labor unions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What cultural shift is Deutsche Bank attempting to implement?

Expanding employee benefits

Promoting a relaxed work environment

Focusing on revenue generation

Encouraging cost overruns