• 07 Dec 2012 at 4:47 PM

Layoffs Watch ’12: Deutsche Bank (Update)

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The Germans are said to have asked a handful of employees to clean out their desks.

“DB FIG fired at least five bankers today in New York. Ranged from director to analyst.”

Update: Apparently the bank also let go of “two VPs in Industrials,” “at least one VP” from M&A and a “M&A MD in SF.”

Comments (11)

  1. 1
    Posted by guest | December 7, 2012 at 5:50 PM

    :(

  2. 2
    Posted by Financial Samurai | December 7, 2012 at 5:51 PM

    Four people got let go is news?

  3. 3
    Posted by Guest | December 7, 2012 at 6:05 PM

    Read the fucking article. It says at least five.

  4. 4
    Posted by Finsbury | December 7, 2012 at 6:15 PM

    No surprises as the extended Kristallnacht continues.

  5. 5
    Posted by Guest | December 7, 2012 at 7:54 PM

    Also heard they gutted their Japanese equity business. of course, nobody cares about Japan though, so BFD, I know.

  6. 6
    Posted by GUEST | December 8, 2012 at 11:50 AM

    And the fun continues from Frankfurt.

  7. 7
    Posted by Donny | December 8, 2012 at 3:31 PM

    I wonder why they are even recruiting analysts and associates. These cheap fuckers won't even pay to send PMs to industry conferences. Sounds like thier Jacksonville office is their new way to cut costs on hiring and pay.

  8. 8
    Posted by Pedant | December 9, 2012 at 8:04 AM

    It's "ze germans" not "the germans"

  9. 9
    Posted by Bimp Liscut | December 10, 2012 at 8:33 AM

    Mr. Brand has been a long time fan.

  10. 10
    Posted by Enola Gay Crew | December 10, 2012 at 2:30 PM

    Oh we cared about Japan ;)

  11. 11
    Posted by WJ | February 6, 2013 at 1:48 PM

    Mid January 2013, Deutsche Bank terminated Thomas Bowers, head of Private Wealth Management for the Americas. Two weeks prior the manager for "alternative" investments was terminated. And, schedule for the month of February more layoffs are scheduled. And, it is rumored that many front office types will be sent to Jacksonville, Fl.