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Bloomberg: Deutsche Bank Plans Half Of Estimated Job Cuts In Germany

As per a report published in Bloomberg, Deutsche Bank (DB) positions in Germany will be largely affected by the company's recently announced restructuring. Deutsche Bank employees in London will also share a large share of the affected workforce. The Bank's U.S. positions will be less impacted from the job cuts.

In July, Deutsche Bank announced restructuring actions resulting in a workforce reduction of approximately 18,000 full-time equivalent employees to around 74,000 employees by 2022. The bank will significantly downsize its investment bank as part of the restructuring.

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