Commerzbank to lay off 3,000 employees as CEO strives to counter UniCredit’s acquisition attempt

老虎证券2026/05/08 06:24

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This German bank said on Friday that its full-year profit will reach at least 3.4 billion euros, higher than the previous expectation of more than 3.2 billion euros. The bank also announced new mid-term goals, including cutting 3,000 jobs, which is expected to help double its profits before 2030 and achieve a return on tangible equity of about 21%. “Our growth is exceeding expectations, and our new targets for 2030 reflect this,” Orlopp said in a statement. “Any alternative must be measured against this benchmark.”

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On the 12th, the board of directors announced that Jensen Huang has resigned from his positions as President, CEO, and board member, effective immediately. Current Executive Vice President and CFO Colette Kress has agreed to serve as interim CEO. The board has initiated a formal search for a new CEO and will consider candidates both inside and outside the company. At the same time, the board has appointed Harvey C. Jones as its first-ever Chairman.

华尔街见闻•2026/11/12 15:31