As part of its plans to restructure its business, Deutsche Bank announced today that it will cut nearly 2,400 positions worldwide, including 900 U.S. employees. The cuts will be made to the banks corporate and investment banking and private client and asset management divisions.
The most recent cuts are in addition to some 7,100 positions the bank said it would eliminate earlier this year. In addition to the U.S. cuts, todays announcement will impact 350 employees in the U.K., 250 in the Asia-Pacific region and 900 in Europe, the bank said.
The restructuring will be made throughout next year and will cost the company approximately $256 million.
A call to Deutsche Asset Management was not returned by press time.