
Deutsche Bank AG, led by CEO Christian Sewing, is planning to reduce its workforce by 3,500 employees in the coming years. This move is aimed at increasing profitability and fulfilling the commitment to provide more returns to shareholders.
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.

Job Cuts Overview:
The job cuts primarily target back-office roles and are part of the cost-saving measures previously announced by the Frankfurt-based bank.
Financial Goals:
In conjunction with the job cuts, Deutsche Bank has raised its mid-term revenue target. Additionally, the bank plans to return €1.6 billion to investors in the first half of the year. This includes a €675 million share buyback as a way to distribute returns to shareholders.