We stood outside Deutsche Bank's New York office the day after 18,000 layoffs were announced. Here's what we saw.

Deutsche Bank employees and ex-employees were not eager to talk, but it was clear that morale is not high.

Sunday's announcement that Deutsche would be laying off 18,000 employees was swiftly followed by actual layoffs in New York City this post-holiday Monday. Even though it was mid-morning after a holiday weekend and prime time to get into the office a little late, the door was almost exclusively letting people out. At one point, roughly five people were leaving a minute, while maybe one came back inside a few minutes later.

Sunday's announcement that Deutsche would be laying off 18,000 employees was swiftly followed by actual layoffs in New York City this post-holiday Monday. Even though it was mid-morning after a holiday weekend and prime time to get into the office a little late, the door was almost exclusively letting people out. At one point, roughly five people were leaving a minute, while maybe one came back inside a few minutes later.

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