Deutsche Bank AG Co-CEOs Anshu Jain and Juergen Fitschen

Deutsche Bank AG Co-CEOs Anshu Jain and Juergen Fitschen

Hannelore Foerster/Bloomberg

The job reductions are part of a strategy review Deutsche Bank ’s new co-chief executive officers Anshu Jain and Juergen Fitschen are conducting as the lender grapples with declining revenue from the investment bank, which reported a 63 percent decline in second-quarter earnings today.