Thread regarding Deutsche Bank AG layoffs

The situation at Deutsche Bank is pretty bad right now and morale is low, we are experiencing pressures across the board and it's difficult to say what 2014 will bring. We've seen some cuts in our IT group but 2014 cuts will be much broader, wealth management will be hit, we might a bit better off on the investment side. We will also see continuing cuts on the back office front, reducing and outsourcing work, RIFs will continue and outsourcing will continue, there is pretty much no escape right now. This is not a Deutsche Bank phenomenon, all of our peers are going through the same process, cuts in the back office are a monthly thing for almost our competitors, so we should not be surprised if DB continues to cut. USB was hit probably the most, but the other banks are hurting. Just my 2 cents...