Deutsche Bank's cuts came at a brutal period for Europe's finance industry — and job seekers have a tough road ahead

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Deutsche Bank's deep cuts to the bank yesterday are part of a plan to axe 18,000 roles. Some workers will find it tough to win placements elsewhere.

Deutsche Bank kicked off a plan to cut 18,000 jobs yesterday in a massive overhaul of the business. Most of these workers will be looking for jobs at the worst possible time due to an ever shrinking market and summer lull in hiring. An insider at one bulge-bracket firm, who spoke to Business Insider, said any poaching of top talent from Deutsche Bank had been done long before yesterday's cuts. Read more stories on Markets Insider.

Deutsche Bank kicked off a plan to cut 18,000 jobs yesterday in a massive overhaul of the business. Most of these workers will be looking for jobs at the worst possible time due to an ever shrinking market and summer lull in hiring. An insider at one bulge-bracket firm, who spoke to Business Insider, said any poaching of top talent from Deutsche Bank had been done long before yesterday's cuts. Read more stories on Markets Insider.

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