Deutsche Bank cut 3,500 jobs

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shed
UBS is shedding 3,000 jobs in Switzerland alone as it absorbs Credit Suisse, with more cuts anticipated elsewhere.
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(verb) = get rid of
brace
brace somebody/yourself (for something)
But they may also be bracing for a tougher business environment as the impact of elevated interest rates works through the economy.
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(verb) to prepare somebody/yourself for something difficult or unpleasant that is going to happen
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