Heard bonuses will be clawed back if staff is to leave within a year.
Credit Suisse has already hired many Chinese and is tripling their workforce in Mainland China. Internally, we've already seen many functions already being replaced with Chinese counterparts or are in the process of beginning to do so. Additionally... — read more
Will there be any Credit Suisse layoffs? Any chatter, news or rumors?
Insider information... Jobs beginning to be outsourced to China....IT/Business/ all of it! Keep an eye on the news it's only getting worst. Banks warn of 'significant' losses as they exit positions with large U.S. hedge... — read more
What's your prediction as it relates to the possiblity of Credit Suisse Layoffs 2021? Any news or rumors?
... the funds or detail the extent of the layoffs. Credit Suisse Group AG Chief Executive Officer Tidjane Thiam Presents Second-Quarter Earnings. David... — read more
Risk and Compliance departments merged so layoffs are happening since July. New York jobs moving to Raleigh NC too.
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. — read more
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.
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
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.
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
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