AsianFin -- Deutsche Bank revealed on the 19th that it will further reduce its branch network and cut approximately 2,000 jobs this year as part of its ongoing cost-cutting measures.
CEO Christian Sewing announced the plans during a conference, stating that the bank intends to close a "significant number" of branches and has already set aside funds to cover the costs of the layoffs.
This move marks a continuation of the bank's strategy to streamline operations and reduce expenses. In recent years, Deutsche Bank has repeatedly downsized its physical presence to lower operational costs.
The latest round of job cuts underscores the bank's commitment to maintaining strict cost control amid ongoing financial challenges.
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