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Berenberg cuts 55 staff in second round of London layoffs
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Berenberg has cut 55 jobs in its London operation, its second round of layoffs in recent months as banks continue to roll out redundancies as deal activity slumps.
The German investment bank informed employees of a fresh round of job cuts on 13 December, according to people familiar with the matter. The move will affect around 55 people and follows 30 cuts announced to staff in the City in August.
Berenberg’s...
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