Thread regarding Deutsche Bank layoffs

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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Per Zacks:

German banking giant Deutsche Bank AG (DB - Free Report) is aimed at nearly 6,000 layoffs at the bank’s newly formed unit, by the end of 2022. This is likely part of the planned integration of the bank’s retail unit — Postbank — Bloomberg reported.

Per the source, negotiations with the bank’s labor representatives will decide the final count of layoffs. Further, more than 1,000 job cuts will take place annually through a voluntary program and normal retrenchment.

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