On the heels of giving up two floors at Time Warner Center, embattled Deutsche Bank is likely to put more floors up for sublease before it even moves in by 2021, sources told Realty Check.

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Deutsche signed a lease for more than 1 million square feet at the Columbus Circle tower, where it will downsize from 1.6 million square feet it now occupies at 60 Wall St.

Further reductions at Time Warner Center would be part of what an insider called Deutsche CEO Christian Sewing’s “ruthless” purge of redundant office space globally as part of the struggling bank’s overall cost-cutting and restructuring program.

Rocked by its disastrously performing investment bank operations, the bank has enjoyed only a single profitable year since 2014 and posted a $3.45 billion loss for the second quarter.

Deutsche recently laid off 18,000 highly paid employees — or one-sixth of its entire workforce — as it dramatically shrinks its investment-banking arm. New York and London bore the brunt of the job losses.

Sewing called the drastic restructuring “the most fundamental transformation of Deutsche Bank in decades.”

In an unexpected step to facilitate future pruning of Deutsche’s real estate, the bank has quietly dumped JLL as its global real estate representative in favor of CBRE, Realty Check has learned — a move that could bring CBRE untold millions of dollars in commissions as the bank sheds office space around the world.

The change in brokerages has been kept so secret that even some CBRE executives didn’t know about it.

A source familiar with the situation said, “Deutsche has a lot of moving and unloading around the world, and CBRE made a strong case that they could handle it best.”

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We reported earlier this month that Deutsche exercised an option under its lease with landlord Related Companies to give back two floors in TWC’s north tower without penalty before it moved in.

Although those floors comprise only 60,000 square feet of a 1.1 million sf total at Time Warner Center, many saw the decision as an omen of much more paring to come.

Our source said on Monday, “Expect [Deutsche] to start putting space [at Columbus Circle] up for sublease soon.” However, a bank insider said that no such step was likely in the immediate future.

The bank has space in 70 countries, according to its website, including major office locations from Moscow to Lagos, Nigeria, to Los Angeles.

Los Angeles-based CBRE is the world’s largest commercial real estate services and investment firm, with 2018 revenues of $21.3 billion and more than 90,000 employes. But Chicago-based JLL isn’t far behind with $16.3 billion in revenue and a similar staff.

CBRE spokesperson Melissa Coley confirmed that the firm has been hired by Deutsche Bank but could provide no other details.

The bank declined to comment. JLL power-broker Peter Riguardi, who handled Deutsche Bank’s real estate matters in the US, didn’t get back to us.