• 19 Jul 2012 at 11:44 AM

Layoffs Watch ’12: Deutsche Bank

The Germans are considering sending some bankers to live on a farm upstate, where there’s plenty of fresh air and room to run around.

Europe’s biggest bank by assets, is considering cutting about 1,000 positions at its investment bank as revenue declines, according to a person with knowledge of the matter. The cuts will be mostly outside Germany, where the firm’s investment banking operations are focused, said the person, who asked not be identified as Deutsche Bank’s plan hasn’t been made public.

[Bloomberg]

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  1. Posted by Guest | July 19, 2012 at 12:00 PM

    Sending people upstate? Headcount reduction? Seems like old habits coming back…

  2. Posted by FICC Incentivizer | July 19, 2012 at 12:05 PM

    First one to find an old debt certificate and turn it over to HR keeps his job.

  3. Posted by mechanic | July 19, 2012 at 12:08 PM

    Deutschebags uber alles

  4. Posted by Guy with A.D.D. | July 19, 2012 at 12:27 PM

    They should fire the guy who came up with their company logo

  5. Posted by Financial Samurai | July 19, 2012 at 12:28 PM

    Read "How To Engineer Your Layoff: Make A Small Fortune By Saying Goodbye" to control your fate!

    Nothing is worse than sitting around in fear, waiting for your manager to lay you off. Don't you dare quit either!

  6. Posted by guest | July 19, 2012 at 12:53 PM

    do the people sent upstate have their passport stamped with a red letter too?

  7. Posted by guest | July 19, 2012 at 1:31 PM

    Beat me to it.

  8. Posted by Guest | July 19, 2012 at 1:32 PM

    Wait, isn't Montreal upstate? It's not that bad. It's like NY but with much prettier girls.

  9. Posted by FICC Incentivizer | July 19, 2012 at 1:56 PM

    Nope, still looking for it. If I find it though I'm willing to split the credit if you think they'll let us both stick around.

  10. Posted by Guest | July 19, 2012 at 2:02 PM

    They gave me a gold star to wear around, so I know i"m safe.

  11. Posted by Czech Urself | July 19, 2012 at 2:15 PM

    Any word on how the diversity and eastern emerging markets initiatives are progressing?

  12. Posted by guest | July 19, 2012 at 6:15 PM

    They can start with The Behrman-ator. Send him to the Jax office

  13. Posted by Guest | July 20, 2012 at 11:51 AM

    When they came for the bankers I didn't speak up because I wasn't a banker…

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