Deutsche Bank Plans Workforce Reduction & Branch Closures in 2025

Core Viewpoint - Deutsche Bank is planning to cut nearly 2000 jobs in its retail banking sector by 2025, alongside a significant reduction in the number of branches, as part of its cost-cutting strategy to enhance efficiency and shift towards digital banking services [1][2][3]. Group 1: Cost-Cutting Measures - The bank's restructuring will involve job cuts at both Deutsche Bank and Postbank brands, with the restructuring costs already accounted for [2]. - In 2024, Deutsche Bank closed 125 branches and reduced its headcount by nearly 1300, including layoffs of 111 senior managers from its retail and wealth management unit [4]. - The bank aims to achieve a cost-to-income ratio below 65% by the end of 2025, a significant improvement from 76.3% at the end of 2024 [5]. Group 2: Strategic Investments - Deutsche Bank is increasing its investments in technology and regulatory compliance, hiring 1,300 technology specialists and adding 400 revenue-generating roles in 2024 to support long-term growth [5]. Group 3: Market Performance - Over the past six months, Deutsche Bank's shares have increased by 46.6%, outperforming the industry growth of 12.1% [6].