Investment Banking

Brutal job cuts force Deutsche to rethink how to fill new HQ

The German lender is due to move into a large new office in 2023 and is locked into a 25-year lease

Brutal job cuts force Deutsche to rethink how to fill new HQ

Deutsche Bank has been forced to rethink its plans about filling its new multimillion-pound headquarters in London following last week’s brutal round of job cuts. 

The German lender, which moves into the 564,000 sq ft HQ in 2023 and is locked into a 25-year lease, is reviewing its strategy over which staff will occupy the 16-floor skyscraper at 21 Moorfields after chief executive Christian Sewing announced a radical shake-up of its business that includes 18,000 job cuts.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line