Layoffs Watch ’12: Deutche Bank

Cuts are said to have gone down at the other DB.

“Layoffs in DB Asset Management. Various levels (Associates, AVPs, VPs, Directors). So far affected: FI research, sales/distribution.”

Additionally, the investment bank apparently let go of a few more of its people yesterday (on top of those given the heave-ho last Friday), while there were “cuts in risk management at all levels (Analyst to Director).”

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10 Responses to “Layoffs Watch ’12: Deutche Bank”

  1. Guest says:

    DB AM has been having layoffs since for-ever. Nothing new. This is what happens when 1) Parent Company Has not interest in growing the business but 3) Wants higher Profit so 2) fires people

  2. Guest says:

    Refreshing to note DB has a risk mgmt department

  3. lucas says:

    That's not how you spell Deutsche!
    – Angela

  4. guest says:

    it's actually spelled – Douche Bank

  5. Guest says:

    That is what happens when you keep putting investment bankers in charge who have no vision of have to run an asset management business. Cut your way to oblivion.

  6. screwdb says:

    DB is a wannabe BB. They are best off competing with Jeffries.