Published by Global Banking & Finance Review®
Posted on March 19, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleDeutsche Bank will cut 2,000 jobs and significantly reduce branches by 2025 to meet financial targets, affecting both Deutsche Bank and Postbank brands.
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)
The main topic is Deutsche Bank's plan to cut 2,000 jobs and reduce branches significantly by 2025.
The job cuts are part of Deutsche Bank's strategy to meet ambitious financial targets by the end of the year.
The branch closures will affect both Deutsche Bank and Postbank brands.
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