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    Home > Finance > Deutsche Bank plans to cut 2,000 jobs with 'signficant' branch reduction
    Finance

    Deutsche Bank plans to cut 2,000 jobs with 'signficant' branch reduction

    Published by Global Banking & Finance Review®

    Posted on March 19, 2025

    1 min read

    Last updated: January 24, 2026

    Deutsche Bank plans to cut 2,000 jobs with 'signficant' branch reduction - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Deutsche Bank will cut 2,000 jobs and significantly reduce branches by 2025 to meet financial targets, affecting both Deutsche Bank and Postbank brands.

    Deutsche Bank Announces 2,000 Job Cuts and Branch Closures

    FRANKFURT (Reuters) - Deutsche Bank will cut the headcount of its retail bank by almost 2,000 people in 2025 with a "significant" reduction in the number of branches, Chief Executive Officer Christian Sewing said on Wednesday.

    The job reduction figure is a new disclosure from Germany's largest bank and comes as the lender aims to meet a series of ambitious financial targets by the end of the year.

    "We will reduce again branches like we had planned this year in quite a significant number," Sewing said at a financial conference organised by Morgan Stanley, adding the cuts would come at both the Deutsche Bank and Postbank brands.

    Deutsche Bank closed 125 branches last year and indicated more closures were on the way. Sewing and the bank did not say how many more branches would close in 2025.

    Sewing said the bank had already factored in the restructuring costs for the jobs.

    (Reporting by Tom Sims; editing by Matthias Williams, Kirsten Donovan)

    Key Takeaways

    • •Deutsche Bank plans to cut 2,000 retail jobs by 2025.
    • •Significant reduction in the number of branches is expected.
    • •The job cuts are part of meeting financial targets.
    • •Branch closures will affect both Deutsche Bank and Postbank.
    • •Restructuring costs have been accounted for by the bank.

    Frequently Asked Questions about Deutsche Bank plans to cut 2,000 jobs with 'signficant' branch reduction

    1What is the main topic?

    The main topic is Deutsche Bank's plan to cut 2,000 jobs and reduce branches significantly by 2025.

    2Why is Deutsche Bank cutting jobs?

    The job cuts are part of Deutsche Bank's strategy to meet ambitious financial targets by the end of the year.

    3Which brands will be affected by the branch closures?

    The branch closures will affect both Deutsche Bank and Postbank brands.

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