Deutsche Bank Outsourcing Jacksonville Jobs to Mumbai
- Some 60 accounting posts said to be affected in cost-cut move
- Lender has been under pressure after lackluster performance
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Deutsche Bank AG was at the forefront as Wall Street began “nearshoring” staff to cheaper cities across the U.S. Now, the German lender is moving some of those jobs to India.
The bank is offshoring about 60 accounting positions to Mumbai from its campus in Jacksonville, Florida, as it seeks to trim costs, people with knowledge of the matter said. It’s part of a larger shift, with management intending to move more jobs from the U.S. to India this year, one of the people said, asking not to be identified because the plans are private.