Deutsche Bank Reassigns Top Quantitative Analysts To Solve Employee Gridlock Problem At 60 Wall

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Layoffs Watch '12: Deutsche Bank Not Yet Finished Telling Employees To Hit The Bricks

These things take time. Deutsche Bank is eliminating about 85 jobs at its Japan and Hong Kong equities units as Europe’s widening debt crisis curbs economic growth in Asia. The bank cut about 15 positions in Tokyo yesterday, and plans to tell 30 employees in equity research, sales and trading today that they will be dismissed, three people with knowledge of the matter said. The Frankfurt-based company trimmed 40 jobs in Hong Kong yesterday, according to another person, who asked not to be identified because the information is private. [Bloomberg]