Deutsche Bank to lay off 3,500 employees

Deutsche Bank is cutting 3,500 jobs as it aims to shave off billions in operational costs by 2025.  On Thursday, the German investment bank announced that it made further progress on its operational efficiency program during 2023. The goal of the program is to cut costs by 2.5 billion euros, or about $2.7 billion.While the bank made progress on this goal, it noted that it was still seeking to save 1.6 billion euros, or$1.7 billion. These savings will be driven by various measures "including simplified work ...