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 might be the next step for banks after implementing a hiring freeze?

What has been the trend in job cuts within the banking industry over the last five years?