Deutsche Bank Says 18,000 Job Cuts Already Underway Will Replace With Robots, & Phase One Delayed (Video)
Deutsche Bank Says 18,000 Job Cuts Already Underway Will Replace With Robots, & Phase One Delayed Video by Silver Report
We have more mass layoffs at Deutsche Bank this time they will replace 18,000 employees with robots. We also see the phase one trade deal has been delayed according to reports. We look at the trade hopes that have seemed to bouy stock prices through out the past 6 months. I am not sure how they even moved down that road because I never though a trade deal would be easy. We see that “optimism” seems to be oversold. We dig into the Phase one trade deal difficulties and then we cover Deutsche Banks recent plan to cut 18,000 jobs and replace them with robots. The plan is called “Operations 4.0” and they say the plan will save over 6 billion dollars. If the bank can operate with 18,000 less employees the old executives should be added to the mass layoffs.