A report that Deutsche Bank is considering major job cuts was quickly denied by two sources who spoke to Bloomberg. But employees are still concerned.
The original report in the Financial Times Deutschland said that "major" cuts to save the bank between €1 and €2 billion were being considered.
So far Deutsche Bank hasn't made many job cuts compared to its competitors, like UBS and Credit Suisse for example, so given the current economic situation and low growth expectations in Europe, cuts would seem to make sense…
Read more: http://www.businessinsider.com/rumors-of-major-job-cuts-are-freaking-people-out-at-deutsche-bank-2011-9#ixzz1WoJHpA2V
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