logo
Plus   Neg
Share
Email

Deutsche Bank Reportedly Considers To Cut Up To 20,000 Jobs

Deutsche Bank AG (DB) is considering to cut up to 20,000 jobs or more than one in six full-time positions globally, the Wall Street Journal reported citing people familiar with the matter.

The layoffs would probably take place over more than a year and would spread across regions and businesses, the Journal reported.

The cuts being contemplated by senior executives reflect an acceleration of Deutsche Bank's downsizing and another major pullback from its global ambitions. If followed through, the reduction would represent 16% to 22% of Deutsche Bank's workforce of 91,463 employees, the report said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
eBay Inc. (EBAY) Wednesday reported a fourth-quarter profit that trumped Wall Street analysts' estimates, as did revenues. However, shares of the company slipped over 5% after the company issued a weak outlook for the first quarter. eBay's fourth-quarter profit dropped to $558 million or $0.69 per... Apple Inc. (AAPL) Wednesday reported a first-quarter profit that trumped Wall Street estimates, as the iPhone maker reported its "highest quarterly revenue ever" driven by strong demand for its iPhone 11 and 11 Pro models during the holiday season. The tech giant also issued a strong revenue outlook... New York Attorney General Letitia James has fled a lawsuit against Vyera Pharmaceuticals and two of its former CEOs, including imprisoned 'Pharma Bro' Martin Shkreli, for illegally monopolizing a life-saving drug Daraprim. The lawsuit seeks a lifetime ban on Shkreli and his business partner Kevin Mulleady working in the pharmaceutical industry.
Follow RTT
>