• 04 Dec 2013 at 3:03 PM

Layoffs Watch ’14: Investment Banking

Deustche Bank is out with a report today encouraging I-bankers to gird their loins.

Deutsche Bank analysts have just released a massive report full of predictions for investment banks in 2014…Deutsche is predicting another 20,000 investment banking redundancies next year, of which it says 6,000 will be in the front office.

[eFinancial via Lauren LaCapra]

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Comments (6)

  1. Posted by M. Whitney | December 4, 2013 at 4:22 PM

    Will the non-revenue producing research analysts who wrote these reports be the first ones canned? Are they considered front or back office?

    – M. Whitney

  2. Posted by Tilton - Whitney LP | December 4, 2013 at 4:26 PM

    Sometimes they visit the front office, but only when they're on their backs.

  3. Posted by Goldman | December 4, 2013 at 4:43 PM

    Surely you mean when the front office visits them.

  4. Posted by Gast | December 4, 2013 at 4:45 PM

    If I'm gone though, who will write these reports? Massive reports require massive man hours.

  5. Posted by guest | December 4, 2013 at 6:51 PM

    I didn't know UBS still had 20,000 people to lay off

  6. Posted by UBS Quant | December 4, 2013 at 7:52 PM

    Macquarie laid off people on their Asia desk in HK and NY.