Deutsche Bank will cut 35,000 jobs in an overhaul
The lender will shrink its workforce by almost 10 per cent by the end of the year
Deutsche Bank AG said it will shrink the lender’s workforce by about 26,000 people by 2018 as part of co-chief executive officer John Cryan's overhaul in a bid to improve returns.
The company will cut about 9,000 jobs on a net basis, almost 10 per cent of the workforce it expects to have at end of the year. Others will leave as part of assets that will be sold.
The bank said it ...
