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Layoffs Watch ’12: Deutsche Bank

The Germans are “going on a diet” that will involve a “painstaking, methodical, meticulous approach to boosting efficiency” and “very significant streamlining” in the investment bank and no one, not even the people hiding out in Chicago are safe.

“Yet more DB cuts: 3 directors, 1 managing director and 1 vp in Chicago last week.”

[MarketWatch]

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

  1. lefthandman says:

    No schnitzel for you! Next!

  2. LordDeb says:

    hard times for Germany too…<img src="http://tinyurl.com/c7gx5zk&quot; width="1" height="1" />

  3. Sell Side says:

    I guess that's why they were in such a bad mood during marketing…or maybe my buy rating on every stock put them over the edge?

  4. Guest says:

    Well maybe they should stop building those massive square monuments everywhere.

  5. Seriously guys, why bother just sitting around, twiddling your thumbs waiting to get the axe? Engineer your layoff and take things into your own hands!

  6. Worried American says:

    DB hit alot of people in the NY area this week. Many of them are MD and VP and some I have known for years. This economy sucks. DB wants to take jobs away from US nice.

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