Deutsche Bank is cutting 1/5 of its workforce and slashing operations in New York City and London in a move aimed to restore profitability for the bank.
https://finance.yahoo.com/news/deutsche-bank-careers-curtailed-envelope-130934286.html
"People have been planning their next moves but it's a tough market," the person said, speaking on condition of anonymity.
Deutsche Bank plans to close all of its equity trading business and cut some parts of its fixed income operations, in an overhaul expected to lead to 18,000 job cuts...