Layoffs Watch ’12: Deutsche Bank (Update)

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.”

(hidden for your protection)
Show all comments

11 Responses to “Layoffs Watch ’12: Deutsche Bank (Update)”

  1. Four people got let go is news?

  2. Finsbury says:

    No surprises as the extended Kristallnacht continues.

  3. Guest says:

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

  4. GUEST says:

    And the fun continues from Frankfurt.

  5. Donny says:

    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.

  6. Pedant says:

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

  7. Enola Gay Crew says:

    Oh we cared about Japan ;)

  8. WJ says:

    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.