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The German banking giant is massively overhauling its businesses as part of its Strategy 2020.
Deutsche Bank will be laying off approximately 35,000 employees, overhauling key parts of its ”outdated” IT infrastructure and exiting major securities businesses as part of its Strategy 2020 plan, according to a statement from the bank and a memo from John Cryan, co-CEO of Deutsche Bank, both released Oct. 29. The layoffs will come from...
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