Topics regarding layoffs at Credit Suisse

Topics regarding layoffs at Credit Suisse

More layoffs

The latest issues are bringing on the possibility of more layoffs. It seems investment banking and wealth management are among the areas that are going to be hit. It's not clear enough how many of the layoffs will be in the U.S., but I will admit... —  read more 


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 

Something Needs To Change

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 

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Post ID:  @OP+15jc58wM

Stock cratering

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Post ID:  @OP+1jUmmGEM

Dr. Doom

"Markets should brace for a period of decline that echoes crashes of the 1970s and 2008, according to Nouriel Roubini." —  read more 

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Post ID:  @OP+1jiCmZgU

Apollo Global?

"Under the terms of the proposed transaction, investment vehicles managed by affiliates of Apollo and PIMCO would acquire the majority of SPG’s assets and other related financing businesses from Credit Suisse, form a new platform to enter into an... —  read more 

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Post ID:  @OP+1jpyfWU1

More cuts

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.

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Post ID:  @OP+Vz0L7ta

More layoffs at Credit Suisse

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 

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Post ID:  @OP+ZggzTyH

1.5K to go very soon

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 

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