Deutsche Bank to cut nearly 10,000 jobs to put a cap on costs
Deutsche Bank said on Thursday it will reduce global staff levels to well below 90,000 from the current 97,000, as part of a broad restructuring to reduce costs and restore profitability. The bank said it would cut headcount by 25 percent in its equities sales and trading business following a review of the business.
Deutsche Bank said on Thursday it will reduce global staff levels to well below 90,000 from the current 97,000. Image source: Reuters