Deutsche Bank Layoffs: European Corporate Bank to Cut 800 Jobs After Strong First Quarter As Cost Cutting Continues
Deutsche Bank recorded its best profit in a decade as the bank recorded its 11th consecutive quarter of profit but signalled there would be more job cuts as it continues its restructuring efforts.
Deutsche Bank recorded its best profit in a decade as the bank recorded its 11th consecutive quarter of profit but signalled there would be more job cuts as it continues its restructuring efforts. The bank announced plans to accelerate its strategy, including attempts to cut costs by €500m over the next few years. This will include 800 job cuts in a range of non-client facing senior roles globally. Vice Layoffs: Media Company Cancels Flagship ‘Vice News Tonight’, Expected To Cut Over 100 Jobs.
Deutsche Bank Layoffs
Deutsche Bank to cut 800 jobs after strong first quarter https://t.co/C5hf9hYoQX pic.twitter.com/Idv4jqNrRR
— Reuters (@Reuters) April 27, 2023
(The above story first appeared on LatestLY on Apr 28, 2023 08:31 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
