Deutsche Bank’s Layoff Statement: Lower Compensation To Come

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Deutsche Bank announced that it would lay off 1,900 people — 1,500 of whom would be in the investment banking sector (read the release here).  They put out a press release to explain these job cuts (they said government capital requirements were forcing them to search for cash).”

http://www.businessinsider.com/compensation-at-deutsche-bank-2012-7

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