Since 2015, Deutsche Bank has reduced its workforce by 9,400 employees.

Finance

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Dwi Hadya Jayani 10/07/2019 10:00 WIB

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In 2015, Deutsche Bank employed 101,100 people. By the end of 2018, the number of employees at Germany's largest bank had decreased to 91,700.

Deutsche Bank Employee Cost-to-Income Ratio, 2010-2018

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Since 2015, Deutsche Bank has reduced its workforce by 9,400 employees.

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Deutsche Bank Employee Cost-to-Income Ratio, 2010-2018

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Since 2015, Deutsche Bank has undertaken a phased restructuring due to continuous losses. In 2015, Deutsche Bank had its highest number of employees, reaching 101,100. The company began reducing its workforce in subsequent years as part of the restructuring.

In 2016, the bank had 99,700 employees, followed by 97,500 in 2017, and 91,700 in 2018. Finally, Deutsche Bank announced it would employ only 74,000 people in 2020.

Deutsche Bank also targeted a reduction in its Cost to Income Ratio (CIR) to 70%. From 2015 to 2018, Deutsche Bank's CIR was close to 100%, with the highest CIR in 2015 at 115.3%.

(Read Databoks: [Deutsche Bank Shares Plummet After Announcing 18,000 Job Cuts](https://databoks.katadata.co.id/datapublish/2019/07/09/saham-deutsche-bank-anjlok-pasca-umumkan-phk-18-ribu-karyawan))

Editor : Hari Widowati

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."