Germany’s largest bank, Deutsche Bank, has begun a string of layoffs that will result in 20 percent fewer employees or 18,000 jobs.
- This slashing in jobs happened on the first day takeover of the new CEO. Who is the CEO?
- What happened to shares of Deutsche Bank after word of this sweeping overhaul?
- How much does Deutsche Bank plan to spend on the restructuring this year?
- Essentially, why is the bank being restructured?
Mohamed, T. (2019). Deutsche Bank begins brutal cull of 18,000 bankers in a $8.3 billion overhaul. Business Insider, July 6 (Retrievable online at https://markets.businessinsider.com/news/stocks/what-we-know-about-deutsche-bank-restructuring-plan-2019-7-1028333237)