At Deutsche Bank, How Two Decades of Disarray Culminated in ‘Bloody Sunday’

It takes a lot to rattle Wall Street. But Deutsche Bank managed to. The beleaguered German giant announced on July 7 that it is laying off 18,000 employees—roughly one-fifth of its global workforce—and pursuing a vast restructuring plan that most notably includes shutting down its global equities trading business. Though Deutsche’s Bloody Sunday seemed to […]

Deutsche Bank’s Overhaul May Leave Thousands in U.S. Without Jobs

Deutsche Bank rattled investors, and a lot of employees, when it announced that it would cut 18,000 workers—nearly a quarter of its global staff—in a massive restructuring. As the company announced late Sunday, it is ”radically transforming its business” in order to become “more profitable, improve shareholder returns and drive long-term growth.” That means it […]

As Disney Lays off 3,000 Workers Post-Merger, Fox Corp. Gives Every Employee Stock Bonuses

Call it a tale of two media giants. In the wake of the $71.3 billion merger between Disney and 21st Century Fox, Disney began taking steps to lay off 3,000 workers Thursday. Meanwhile, every employee who remained at Fox Corp. will receive a modest stock bonus, according to reports. Disney yesterday completed its merger with […]