BofA's Moynihan Says They're Still Hiring, But Carefully

The video discusses the challenges and strategies in managing workforce during industry-wide job cuts, particularly in investment banking. It highlights the importance of absorbing talent across different business areas and maintaining headcount equilibrium. The speaker emphasizes careful hiring practices and the need to prioritize existing talent to ensure stability and growth.

What factors are contributing to job cuts in the industry?

How does the volatility in investment banking affect revenue?

What strategies are being employed to manage headcount during downturns?

What challenges are faced in maintaining talent within the company?

How has the hiring strategy changed in response to employee turnover?