We often hear the question, what can I do to stop the #neoliberal, #neofascist #restructuring of society? It's simple, they have all the money, they have all the weapons, they have all the newspapers, but what they can't do is love. They are sad and #poor and they have to lose. #free #love #anarchy
The scene was solemn at Deutsche Bank’s offices in London, 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.
Monday’s exodus represented the first wave of several rounds of layoffs at Germany’s largest lender, which announced on Sunday that it will pull out of global equities sales and cut 18,000 jobs.
#layoffs #bank #banking #finance #business #germany #deutschebank #restructuring
Axed Deutsche Bank workers leave offices en masse, belongings in hand
Deutsche Bank announced Sunday that it will pull out of its global equities sales and trading business as part of a sweeping restructuring plan to improve its profitability.
Deutsche will also slash 18,000 jobs for a global headcount of around 74,000 employees by 2022. The bank aims to reduce costs by 6 billion euros to 17 billion euros in coming years.
#bank #banking #finance #business #germany #deutschebank #restructuring
Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaul