Deutsche sacks over a hundred senior bankers to slash costs
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Deutsche Bank AG has laid off over a hundred senior bankers, representing 8% of its retail and private wealth division's directors, to meet cost-cutting targets by next year.
November 11, 2024 | 8:45 am
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Deutsche Bank AG has laid off over 100 senior bankers, representing 8% of its directors in the retail and private wealth division, to achieve cost-cutting targets.
The layoffs are a significant move to reduce costs, which could improve Deutsche Bank's financial performance. Investors may view this as a positive step towards efficiency, potentially boosting the stock price in the short term.
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