Bank Job Cuts Top 60,000

Bank Job Cuts Top 60,000

Assessment

Interactive Video

Business

University

Hard

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The video discusses significant job cuts in the banking sector, with over 60,000 planned, primarily in Europe. HSBC is a major contributor with 35,000 cuts. The human impact is severe, especially in London, where job listings have halved. Banks face challenges like loan losses, regulation, and tech investments. JP Morgan and Deutsche Bank have differing remote work policies, highlighting inconsistencies in the sector.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the human cost associated with the job cuts mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact have the job cuts had on job listings in London?

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