Deutsche Bank AG’s massive reorganization will leave thousands of finance employees out of work. And with firms throughout the industry running lean, they won’t all find jobs easily.

The German lender’s sweeping turnaround plan, including an exit from the equities sales and trading business, will slash Deutsche Bank’s workforce by about 18,000 employees globally. Workers from Sydney to London to New York received the details of their exit packages Monday — and were left pondering their next move.