After a shock spherical of layoffs at Deutsche Financial institution on Tuesday, some senior bankers had anticipated to see surviving workers diligently displaying as much as the workplace for the remainder of the week — they usually had been sorely dissatisfied, insiders informed The Publish.
“The lights are actually off,” one senior banker complained to The Publish — referring to the truth that the motion-detector lights at Deutsche Financial institution’s posh Manhattan workplaces on Columbus Circle solely activate once they sense there are folks within the room.
On Thursday, The Post was first to report Deutsche Financial institution axed greater than 20 junior bankers — in addition to a handful of senior executives this week — amid a slowdown in dealmaking.
Insiders had assumed the massacre would encourage the rank and file to schlep into the financial institution’s enviable New York Metropolis workplaces on the Deutsche Financial institution Middle — previously the Time Warner Middle.
However, senior executives had been greeted with empty desks on Friday, an indication that not even the concern of shedding a job — to not point out the financial institution’s posh glass tower that boasts sweeping views of Central Park and a swanky shopping center downstairs — can deliver youthful employees again to their desks 5 days per week.
“Nobody is within the workplace on a Friday — even after layoffs,” the exasperated govt added. “Ghost city.”
Deutsche Financial institution’s official coverage is a hybrid work mannequin, with managers making the decision on what number of days of face time per week are required. That’s simpler than the five-days-a-week coverage at Goldman Sachs and JPMorgan.
Nonetheless, lots of Deutsche Financial institution’s senior executives are coming in 5 days per week — and are aggravated that the youthful set isn’t doing the identical, in accordance with sources.
Earlier this week, insiders informed The Publish that whereas just a few higher-level Deutsche Financial institution executives — together with a number of managing administrators — had been laid off, junior bankers are seen as extra expendable on Wall Avenue usually.
“You may simply change junior bankers with the subsequent graduating class,” a supply mentioned. “Jamie Dimon isn’t going to have youngsters sitting round consuming lattes all day — banks aren’t welfare for overeducated Ivy Leaguers.”
A Deutsche Financial institution spokesman declined to remark.
