Deutsche Bank is considering cutting 15,000 to 20,000 jobs, or more than one in six full-time positions globally, the Wall Street Journal reported on Friday, citing people familiar with the discussions.
The layoffs would probably take place over more than a year and would spread across regions and businesses,Top-level talks about the restructuring took place on Thursday and Friday, but no final decisions have been made, a source close to the matter told Reuters. Sources told Reuters last week that the bank plans to cut the size of its U.S. equities business, leaving only a skeleton operation in place to service corporate and high-net-worth clients.
And who's putting us back to work ? Not this so-called BS administration !
Maybe if you didn't lend to people who dont pay back their loans, i.e. POTUS, you would be able to pay your employees. Js.
Wow
they have 20k employees? Maybe they're talking about deleting their trading algos.
Makes one wonder about how much of that reduction is due to the implementation of smart, read AI, systems.
They're not to be trusted.
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