Reuters Reported Deutsche Bank Eyes Cutting 10% Of 17,000 German Retail Jobs Over Next Few Years
Portfolio Pulse from Charles Gross
Deutsche Bank is considering cutting 10% of its 17,000 German retail jobs over the next few years, according to a Reuters report.
June 22, 2023 | 11:22 am
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NEGATIVE IMPACT
Deutsche Bank's potential job cuts in Germany may lead to short-term uncertainty for the stock.
The news of Deutsche Bank potentially cutting 10% of its German retail jobs may lead to short-term uncertainty for the stock as investors may be concerned about the bank's restructuring efforts and its impact on the overall business.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100