Overview

• Deutsche Bank will cut approximately 2,000 jobs this year, focusing on its private banking division.
• The bank plans to significantly reduce its branch network, including closures at both Deutsche Bank and Postbank locations.
• These measures are part of the 'Deutsche Bank 3.0' strategy, which aims to enhance profitability and operational efficiency.
• Funds have already been allocated to cover the costs associated with the planned job cuts.
• This follows the closure of 125 branches in 2024 as part of earlier cost-cutting initiatives.