Deutsche Bank Layoffs

Topics regarding layoffs at Deutsche Bank

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. —  read more 

Deutsche Bank Cuts 18,000 Jobs

https://amp.cnn.com/cnn/2019/07/07/investing/deutsche-bank-layoffs/index.html London(CNN Business) Deutsche Bank will cut 18,000 jobs and dramatically shrink its investment bank as part of a costly overhaul that marks a retreat from Wall Street after... —  read more 

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

Deutsche Bank IT Move - Nucleus

Hi all, Just wondering how you guys are doing, after the Global Nucleus transition to Hewlett Packard Enterprise? Considering that the Wintel, UNIX, VHS, DB, Storage, IT Facilities are now contracted over to Hewlett Packard Enterprise and that the DB... —  read more 

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Post ID: @OP+GGiM72z

2016 Layoffs At Deutsche Bank

PostBank will be spun off, that's going to offload 15,000 people. In addition, they are still messing and outsourcing folks on the back office side, Deutsche Bank has been doing this for a decade or so now. So, more IT jobs will be lost or transfered... —  read more 

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Post ID: @OP+EaOJESG

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