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Layoffs Watch '15: Deutsche Bank Plans To Lighten Its Load By 35,000 Employees

But also, it's looking for a few good investment bankers if you know anyone who's interested, present Deutsche investment bankers excluded.
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But it's not all bad! There is both bad news and good-ish news! The bad, depending on your perspective (e.g. you're one of the people the Germans let you keep their job): about a third of Team Deutsche will be asked to leave and not come back. The good news: just as the door is slamming shut for many, it will open for a few:

Deutsche Bank AG on Thursday announced plans to eliminate 35,000 jobs from its payroll over the next two years, as part of a sweeping overhaul under new co-Chief Executive John Cryan...The overall head-count reduction includes 9,000 full-time jobs and 6,000 external contractors, plus 20,000 additional jobs that would leave Deutsche Bank through its disposal of assets, primarily the Postbank retail bank. The bank’s current full-time head count is around 100,000, not including contractors. Executives said they also plan to hire in areas where they’re investing, including parts of the investment bank and asset-management business.

Deutsche Bank to Shrink Workforce by 35,000 in Broad Revamp [WSJ]

Related: Deutsche Bank Bonus/Layoffs Watch ’15: The Bonus Is You Get To Keep Your Job


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Layoffs Watch '16: Goldman Sachs Is Lightening Its Load In Asia

The House of Lloyd plans to divest itself of a whole buncha investment bankers.

Layoffs Watch '15: Citigroup Is Lightning Its Load By 2,000 Employees

The bank has reportedly been having some awkward conversations today.

Layoffs Watch '15: Deutsche Bank Crunched The Numbers And Decided It Doesn't Need 23,000 Of You

The good news is that 75% of the current staff still has a job. The less good news...

Layoffs Watch '12: Asia

The bad news is that Goldman Sachs, Deutsche Bank, UBS, and others have been making cuts and are expected to continue to do so. The good news is that not everybody is upset about it. Speaking to bankers and other industry sources, Reuters was able to confirm at least 50 people were let go in the past three weeks, a cull that includes senior expatriates as well as junior bankers. The cuts mainly target the equities business, with more layoffs expected in coming weeks. CLSA , Deutsche Bank, Goldman Sachs, and UBS were among the banks and brokerages that cut jobs, the sources said...The Asia cuts also come at an unexpected time, when expatriate finance professionals are preparing to hunker down for the summer while their families head home for the holiday. "I'm disappointed, but in some ways I'm glad I was cut early in this round, because everyone is looking over their shoulder," said Cassandra Lister, who was recently let go as a managing director at Societe Generale in Hong Kong. "They're looking around and wondering 'Am I next?' It's a horrible work environment." Asia's Investment Banks Launch Round Of Job Cuts [Reuters]