Deutsche Bank Plans to Cut as Many as 20,000 Jobs in Revamp

  • CEO Christian Sewing has said he’s working on ‘tough’ measures
  • Announcement could come as soon as this week, people say
Deutsche Bank is considering cutting headcount by more than a fifth. Bloomberg’s Steven Arons reports from Frankfurt(Source: Bloomberg)
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Deutsche Bank AG is considering slashing headcount by more than a fifth in what’s shaping up to be its biggest makeover in years, two people familiar with the matter said.