JUST IN: Deutsche Bank, $DB, to cut 3,500 jobs in an effort to reduce costs.
— The Kobeissi Letter (@KobeissiLetter) February 1, 2024
This comes after the bank reported a 30% drop in its Q4 profit.
Just 3 months ago, Citigroup announced mass layoffs impacting 20,000 of its employees.
Layoffs are impacting every industry in 2024. pic.twitter.com/sLKATYGmqa