Deutsche Bank Layoffs: Deutsche Bank To Cut 3,500 Jobs To Reduce Costs by USD 2.7 Billion by 2025, Say Reports
In an official statement, Deutsche Bank or DB, as it is known, said that most of the jobs will be lost in the back office functions.
Deutsche Bank is all set to cut 3,500 jobs. The German multinational investment bank will likely cut 3,500 jobs to push ahead with a plan to reduce costs by USD 2.7 billion by 2025. In an official statement, Deutsche Bank or DB, as it is known, said that most of the jobs will be lost in the back office functions. The bank also said they made progress towards the target but still had to find savings of USD 1.7 billion. Block Layoffs 2024: Jack Dorsey’s Financial Services Company Block Lays Off About 1,000 Employees, Decision Will Also Affect Staff in Cash App, Afterpay and Square Subsidiaries.
Deutsche Bank Layoffs
JUST IN: Deutsche Bank set to cut 3,500 jobs
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(The above story first appeared on LatestLY on Feb 01, 2024 04:31 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
