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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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101 Responses to “Layoffs Watch ’12: Deutsche Bank”

  1. Guest says:

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

  2. FICC Incentivizer says:

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

  3. mechanic says:

    Deutschebags uber alles

  4. Guy with A.D.D. says:

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

  5. 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. guest says:

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

  7. Guest says:

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

  8. Guest says:

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

    • Czech Urself says:

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

  9. guest says:

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

  10. Guest says:

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

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