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Deutsche Bank to shed 35,000 jobs

Posted online October 29, 2015 | 11:37 am

Germany's largest bank plans to make major cuts after posting a third-quarter net loss of $6.6 billion.

Deutsche Bank announced it would lay off 9,000 full-time employees and reduce external contractor positions by an additional 6,000.

Another 20,000 jobs would be cut over the next 24 months.

Read more from CNNMoney.

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