Banks Set for Biggest Job Cull Since 2015 as Morgan Stanley Cuts

The video discusses significant job cuts in the banking industry, particularly in Europe, due to cost-cutting measures, a slowing economy, and the need to adapt to digital technology. European banks face challenges like negative interest rates and reliance on exports. Automation and digitalization are expected to replace many jobs, though retraining offers a path forward. Potential bank consolidations could further impact employment, with regulatory hurdles and the need for strategic courage being key factors.

How many employees does Deutsche Bank plan to get rid of by 2022?

What impact could consolidation have on jobs in the banking industry?