Deutsche Bank announced a massive restructuring plan earlier this week, including the cut of more than 18,000 job cuts. Here's what this could mean for the market at large.
, New York and Tokyo on Monday as scores of employees, belongings in hand, left their desks for the final time as the German lending giant began one of the largest rounds of layoffs since the financial crisis.
People exit Deutsche Bank's Manhattan headquarters with white envelopes that are reportedly their exit papers following news that the global banking giant will be letting go of thousands of employees due to a major restructuring at the German bank on July 08, 2019 in New York City.
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