Barclays Cuts a Dozen Jobs

The video discusses the regularity of job cuts in major banks, noting that it's common for banks to reduce their workforce by 5-10% around this time of year. Specific examples include Morgan Stanley's job cuts in equities and electronic trading. The discussion also touches on potential future cuts, particularly in fixed income, and the focus on Barclays' investment bank amid shareholder pressures and leadership changes.

What percentage of their workforce do most major banks typically cut around this time of year?

• 1 to 2%

• 11 to 15%

• 5 to 10%

• 3 to 4%

Which area of Morgan Stanley recently experienced job cuts?

• Fixed income

• Equities

• Corporate banking

• Retail banking

What is the main concern regarding Barclays' investment bank?

• Technological upgrades

• Its profitability

• Pressure from activist shareholders

• Expansion into new markets

Who recently exited Barclays, prompting internal changes?

• Jess Staley

• Tim Throsby

• Electronic trading head

• Morgan Stanley

What is the potential outcome of the reshaping at Barclays' investment bank?

• More job cuts

• Increased workforce

• Higher profits

• New product launches