Morgan Stanley Cuts About 1,500 Jobs in Efficiency Drive

Morgan Stanley Cuts About 1,500 Jobs in Efficiency Drive

Assessment

Interactive Video

Business

University

Hard

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The video discusses efficiency in cost reduction post-crisis, focusing on US and European banks. US firms initially led in cost-cutting, with Citigroup consistently reducing jobs. Recently, European banks have announced significant job cuts. The video also highlights banks' investments in technology and cybersecurity, suggesting a need to balance workforce size for sustainability.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the term 'efficiency' refer to in the context of cost management in banks?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How have US firms responded to revenue drops in terms of cost-cutting?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What areas are banks focusing on for job cuts according to the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does technology play in the current workforce of banks?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Why might banks consider trimming their workforce according to the text?

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