On March 20th, Deutsche Bank announced on March 19th that it will further reduce the number of branches and cut about 2000 jobs this year to lower costs. Deutsche Bank CEO Christian Zewin said at a meeting on the same day that the bank plans to close a “considerable number” of branches and has prepared funds for the cost of layoffs. In recent years, the bank has repeatedly reduced its branches to cut operating expenses, and this layoff further demonstrates the continuation of its cost control strategy.
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