On Monday Deutsche will announce that nearly 20,000 jobs will be axed, this will cause the stocks to tumble by 5% or even more. Happy shorting and happy gains.
For a while now it has been known that the company is going through rigorous cost cutting measurements and now jobs are going to be axed
Short Deutsche
Henry Powell
Anthony Ortiz
How is cutting costs bearish short term?
Juan Garcia
Only special snowflakes disagree
Connor White
occupywallstreet 2.0 incoming SOON.
Elijah Russell
my thoughts, if anything firing people will pump the stock, thats how capitalism works... am i missing something?
Dominic Ward
It shows that they're in far worse shape than they admitted so far, and in the short term this will cost high severence payments in addition to the restructuring costs.
Isaac Garcia
that was my reaction. maybe eurocuck laws require laying off the good people first and keeping the useless on the payroll as a public service or something. then i assume it brings great shame on the employer due to not providing lifetime guarantee between noble and serf, and the public dumps the stock out of worry
Blake Johnson
You have to pay severance, and you are getting rid of employees.
Severance is huge, you have 20,000 employees which you are firing, and at least a 2 month severance package. That's 100s of millions which for an already failing bank is a huge loss
Juan Russell
are you stupid? it shows the company are in serious trouble
Logan Morales
All banks are firing their employees