Topics regarding layoffs at Deutsche Bank

Topics regarding layoffs at Deutsche Bank

Firm Titles?

Anyone have insight into firm's titles (AVP, VP, etc.) and if there are sub-levels per these levels? Does the firm do location based comp like other banks?

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Post ID:  @OP+19eTI5aC

Updates on Telecommuting?

Anyone have updates on telecommuting and when the firm will start making people go back to the office? This is mostly for Jax office. Or will the firm come to its senses and realize that work can get done while at home.

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Post ID:  @OP+190tHl5T

June 2018 Layoffs (USA)

I see there is a thread for London below, we may as well start one for The NYC and other USA locations. Frankly, nothing more to add aside from what's been covered in the media all day - there is a ton of post on social media as well so this may be a... —  read more 

Meanwhile, in London...

The sector is shrinking and leaving for Frankfurt, Dublin, Paris and Lux and Brexit has been charged with much of the offence, just as was predicted. The maximum shake out was estimated to be 25,000 finance jobs leaving the UK.

sell side algo trading desk

Not my post, sharing the link Regulators need to put more control and governance in sell side algo trading desk, in particular centralized risk desk. “Central risk desk” are often being used by sell side circumventing from Volcker’s restriction on... —  read more 

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Post ID:  @OP+Z9mnql1

Irresponsible Risk Taking

DB is famous for taking risk irresponsibly. One example is central risk book. Aggregating risk is dangerous. Deutsche Bank Said to Lose Money on Risk-Management Trades -U.S. equity central risk book said hurt by algo performance -Book size once... —  read more 

10% of US operations cut

As proof that not all layoffs, and even mass layoffs, are reported here. This one is huge and yet not a peep. I guess because when you're in complete shock and terror, the last thing you think to do is post it on some forum... —  read more 

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Post ID:  @OP+SSDjwZ2

The Bank Layoff / Postbank

Affecting the retail side only (Postbank), 6000 will be leaving before 2022 - nothing surprising here as retail banks are shrinking across the board. I'd say this is a bit late should have reacted quicker.

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Post ID:  @OP+S90Ubpy

More job cuts (target 10,000 positions) in the pipeline at Deutsche Bank, this time it will be massive

Not sure what to say about this - it's getting sad and stupid here at Deutsche Bank - how many people need to lose jobs before someone wakes up and says something - here in the USA people remain to be quiet and accept cuts, this is not applicable to... —  read more 

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