From an IT perspective, 5+ years ago Deutsche was a great bank hiring the best people. Most of the good people have since left, leaving behind the dead wood. Why?
- no longer pays top money
- bureaucratic organisation makes it hard to get things done
- creativity and innovation are stifled
- jumps on the nearest bandwagon but is always behind the curve, never leading
- too focused on cost cutting, and often in the wrong places
- too many layers of ineffective management
- decision makers sit in ivory towers and do not engage with the troops until after decisions have been made
- cronyism
- lack of 360 reviews resulting in poor quality management team
- replacing good quality, experienced on-shore staff with cheaper off-shore staff
- poor quality IT systems