Risk and Compliance departments merged so layoffs are happening since July. New York jobs moving to Raleigh NC too.
Topics regarding layoffs at Credit Suisse
Layoffs have begun for compliance and risk professionals in the New York office.
Just got out of a team meeting. Our Managing director was given his notice this morning. Manager informed us that cuts will be made across the board Starting with Americas, London...followed by Switzerland and Rest of the World later in the year.
Credit Suisse Is Preparing For Layoffs As CEO Admits "Something" Needs To Change Source below... Credit Suisse is leading the charge, revealing this week that the investment bank will need less employees on the other side of the coronavirus... — read more
What are your thoguhts?
Nothing in Phoenix SHOC so far. I did notice execs admins are already in the building though which is out of the ordinary.
What are your thoughts about potential Credit Suisse Layoffs 2020? Any news or rumors?
My best friend was laid off a few weeks ago, at their Raleigh office. They received a WARN Notice and a very vague explanation about the termination. Due to the sensitivity of it, they were not even allowed to tell anyone at their job what happened... — read more
They keep denying it, at this point Credit Suisse HR the Comms team are on the defense. I think we'll se a few hundred folks cut and there will be more jobs that will be shipped overseas. Just watch it, I do not believe these PR stunts any more... — read more
Thoughts? Any Credit Suisse Layoffs in 2019?
More rounds are coming, mostly for the large centres (NY, London, Zurich) but definitely everywhere. Also more and more jobs moving from everywhere to Poland. Everywhere, even lost cost locations. — read more
Job cuts later this year in Zurich.
...but not much worse. http://www.wsj.com/articles/barclays-cut-in-half-as-europe-slims-down-on-wall-street-1470250141 — read more
That's it. The whole sector is hurting.
Things are not that good - also, in IT, more jobs to be sent off-shore
Things continue to go down the drain, fixed income to be hammered, if we hit a recession we may see many more layoffs - UBS just finished another back office cut round and BAC is laying off too on the Investment Banking side - overall, it does not... — read more
The group is hit pretty hard with job cuts affecting all levels
Just like cancer, a small number of dangerous and bad-behaving cells slowly but surely kill off the normal cells. CS body is not dead yet, but many of the good body parts are killed off because of a few bad behaving cells. CS is not just a few evil... — read more
1.5K to go very soon. It's not even funny to see the big boys ax thousands of people and the market not even notices. Not sure who's going to be affected but you can find that on any news site - what perplexes me are the numbers - this is massive and... — read more