Deutsche Bank begins global cull of 18,000 jobs
 

[Deutsche Bank has begun the process of culling 18,000 staff worldwide, with members of its 8,000-strong UK workforce among those facing the axe.
The German lender is scaling back its investment banking division - which has its biggest centre in London - as part of the plans to cut a fifth of its global headcount.
Chief executive Christian Sewing declined to give a breakdown of where the jobs axe would fall, but insisted that London would remain a "critical part" of its plans.
Staff in Sydney, Hong Kong and elsewhere in Asia were the first to learn ]

This has been on the cards for some time
Not because of Brexit.
This goes way back to 1999.


https://news.sky.com/story/deutsche-...-jobs-11758866