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Deutsche Bank prunes workforce by 150

Deutsche Bank has laid off around 150 employees, mostly junior staff such as analysts and associates, from its corporate finance unit since January, according to Reuters.

The latest workforce reduction is claimed to be in addition to the around 300 worldwide job cuts made earlier in the German bank’s global markets division.

Deutsche Bank’s corporate finance unit includes advisory, commercial real estate, asset finance and leasing, debt finance and equity capital markets businesses. The unit is part of the global banking division at the bank, which along with global markets constitutes the bank’s investment banking business.