Deutsche Bank is considering slashing 15,000 to 20,000 jobs after it passed the Federal Reserve’s muster this year, a report stated.

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A source familiar with the contemplated cuts told The Wall Street Journal on Friday that the German bank would be slashing 16 percent to 22 percent of its current workforce of 91,463 staffers.

The alleged cuts would occur over more than a year and across multiple departments. Talks of the cuts allegedly occurred on Thursday and Friday but “no final decisions have been made,” a source told Reuters. Bloomberg reported the bank was “preparing to start cutting hundreds of jobs in its global equity division.” The German bank has approximately 1,000 equity employees.

Last month, Deutsche Bank CEO Christian Sewing told shareholders he was ready to make “tough cuts” to improve the struggling bank’s profitability. The bank cut its staff to 91,700 employees from 99,700 in 2016.