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"With its finances and strategy in disarray and 95 percent of its market value erased, the German bank’s executives are putting the finishing touches on a painful restructuring plan that they hope will halt the company’s yearslong downward spiral. The plan, which could be announced next week, calls for the potential elimination of up to 20,000 jobs worldwide and largely shutting entire divisions of the company’s ailing Wall Street operations, according to people briefed on the matter"
“Ford Motor said Monday that it is laying off about 7,000 managers and other salaried employees, about 10% of its white-collar workforce across the globe.”