Deutsche Bank’s long-term plans to grow its Jacksonville operations center, which employs about 2,000, seemed to fizzle as the Germany-based bank retrenched its global operations in the last two years.
But as the company looks ahead to a post-COVID-19 restructuring, it might consider moving more jobs to Jacksonville.
In an interview with the Financial Times published Dec. 14, the chief executive of Deutsche Bank’s U.S. operations said the company may move jobs out of New York City into “smaller hubs and pockets.”
Christiana Riley, chief executive of Deutsche Bank’s U.S. operations
Christiana Riley said Deutsche Bank could reduce its New York staff of 4,600 by half and move those jobs to lower-cost cities, the financial newspaper said.