GAM Eyes Major Job Cuts

The video discusses GAM, a Swiss asset manager, facing financial challenges after a scandal. The company plans to cut costs by 40% to regain profitability. The focus is on maintaining current asset levels and reducing expenses. The strategy involves no major changes but emphasizes cost-cutting. GAM's workforce will see reductions, particularly in back office roles, as the company adapts to a smaller asset base.

What was one of the major challenges faced by GAM that led to asset loss?

• A scandal

• A financial crisis

• A merger

• A change in leadership

What is the primary focus of GAM's strategy to move forward?

• Expanding into new markets

• Reducing costs

• Launching new products

• Acquiring smaller firms

What is the current approach of GAM's new CEO regarding strategic changes?

• Increasing marketing efforts

• Expanding the workforce

• Focusing on cost reduction

• Implementing a major strategic overhaul

Which part of GAM's workforce is primarily affected by the recent cuts?

• Executive management

• Front office professionals

• Back office and support staff

• Marketing team

What percentage of GAM's workforce was cut earlier this year?

• 15%

• 20%

• 10%

• 5%