marathi brahmin cartel controlling jobs in Pune DB office in India. dummies & proxy working rampant. outsourcingbeing used to get proxies do the work of regular employee who is essentially a dummy loca marathi brahmin . extreme corruption in hiring... — read more
Topics regarding layoffs at Deutsche Bank
DB is the largest german bank doing business with other European banks its failing business and toxic derivatives will impact entire financial sector in europe. Any thoughts? — read more
I am slated to start in Global Markets in London in a few weeks. I recently graduated. Do you think that DB may be planning to rescind offers to the incoming analysts?
So many good people gone from Deutsche Bank already and this is probably just a start. I'm worried this will stretch out into months before everybody is notified, leaving all off us to constantly stress about what tomorrow might bring. Do we... — read more
A question regarding incoming full-time analysts in the Equities group at DB. I did not think this was going to take place when as a Sales and Trading Summer Analyst I accepted the full-time role as I didn't want to deal with recruitment again, but... — read more
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
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
Just the first of many salvos.
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
The Business Insider is on a mission here: Morale at Deutsche Bank US headquarters is so low, traders are leaving to day drink at 1 p.m. and actively searching for other jobs in front of their bosses Source:... — read more
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
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
DB will struggle in 2019. I am curious to see how things will pan out.
This is a master thread about Deutsche Bank Layoffs in 2019?
Check this out: https://www.wraltechwire.com/2018/05/25/will-deutsche-bank-layoffs-hit-cary-company-wont-comment/ — read more
Just wondering how long it will be before we find out which US locations will be hit by these layoffs and how bad will it get? Apparently, the bank is still refusing to give any details on the announced cuts, so we are left to stress over it... — read more
Which bank layoff is next in this row of dominoes?
https://www.reuters.com/article/us-deutsche-bank-strategy/deutsche-bank-plans-to-exit-from-equities-markets-bloomberg-idUSKCN1IO1SA Tell me again how the "Economy is booming"..... — read more
we are talking 100s of people here and there is no coverage
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
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.
The tip of the iceberg - going forward, they will have to manage the headcount much more aggressively... this is not just Deutsche Bank - it's across the board, GS had layoffs last week on the IB side as well. you can continue to pretend that 'all is... — read more
London stuff laid off, including junior/mid-level permanent employees as well as contractors.
layoff started in services in India in Pune and Bengaluru. few folks in testing being asked to move on
Nearly 1,000 people will be laid off as part of the integration of retail arm Postbank. I'm going to assume all of these will be in Germany, but you never know how these things end... — read more
Is someone able to kindly comment on layoffs in Germany.
Do you think we'll have (new) layoffs in Germany.
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
I'm hearing more than 50,000 layoffs ahead. Any comments on the fines that Deutsche Bank will have to pay for their actions? How many people said something and got into trouble? How many people knew what was going on and didn't say anything? — read more
...and it ain't good. http://www.wsj.com/articles/barclays-cut-in-half-as-europe-slims-down-on-wall-street-1470250141 — read more
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
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
Layoffs will happen promptly and many people will be affected. It's likely that DB will not be hitting the US so much but folks that are overseas will get hammered. If they really lay off 25000, that will be about 25% of the overall work force, this... — read more
Anybody knows more?
We at Deutsche Bank keep letting people go and keep hiring people at the same time. That's in our DNA. The downsizing process continues, yet, new positions are being born - that's how we keep afloat. You might think that job cuts are detrimental to... — read more
We've had only minor layoffs so far - please do not exaggerate and it's not all doom and gloom. Yes, we'll try to streamline things but keep in mind that we are hiring quite a bit today and this trend will continue. Deutsche Bank is doing, in my... — read more