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 fund
https://www.cnbc.com/2021/03/29/credit-suisse-exits-positions-with-hedge-fund-warns-of-losses.html?__source=androidappshare
Yes, I was an employee 1 month ago!
Credit Suisse not much needs to be said. Losing a lot of taken unfortunately due to bad pay
eFinancialCareers: Credit Suisse is bereft of 2 traders who generated $450m in PnL.
https://www.efinancialcareers.com/news/2021/07/credit-suisse-top-traders-leaving
The most layoffs happened in 2016, that will be hard to beat!?
A headhunter got to me before CS could lay me off and I got paid 40% more in an IT job. I'm very happy I left.
It was once a wonderful bank. Recent years, it has been in a major decline while others in it's industry thrive.
At this time, it's a good bank to get some experience for some year and get a higher paying job elsewhere.
Not sure about some of the comments but, Credit Suisse is a good place. Nothing is perfect but overall it's a good place to work.
What they really mean here is favorites, not top performers.
eFinancialCareers: Credit Suisse is contemplating retention bonuses.
https://www.efinancialcareers.com/news/2021/05/retention-bonuses-credit-suisse
This company is finally starting to expose its true colors and what happens on the underbelly of the monster. They promote great benefits but you are unable to use them, compensation is terrible, favoritism is popular, and its a culture built upon back stabbing and scratching each others backs
Not massive… Credit Susie just wants to exit the United States… the exit plan has been in place for awhile now….
Credit Susie sold half the bank to Wells Fargo in 2016 then laid off half the investment bank arm 3 months later. This is not massive compared to 2016. I am shocked people people actually stayed after 2016….. seems like people that thought the were so important are just regular people after all
This is fairly accurate and in fact, I felt discriminated against as I outperformed my other co-workers and the favoritism really started to show. Needless to know, I left this company after 4 years as an AVP and sought work elsewhere.
Yesterday, was my last day as a VP in London in Global Markets. I'd been at the firm for 10 years and decided I had my final straw.
The IT organization in Global Markets is performing in the worst possible ways under this recently hired management in recent years, and SHE (THE MD) is not good.
No bonuses or compensation for a lot of my staff and I just couldn't be a good manager because mine was not good.
Good luck to you all! I'm now happy waiting to begin my next journey.
Boom! This company has lost its way. Not compensating employees is guaranteed failure! They only gave junior bankers a 20k lifestyle bump but ignored everybody else.
Massive? Will it compare to the 2016 layoffs - No. anyone who stayed at CS after 2016 is an id–t and deserve everything they get! If you are too dumb to notice a dying company just die with it!
I worked out New York about two weeks ago as a VP in IT Global Markets until I got laid off!
My bosses boss, she has had a terrible strategy since day one! She decided not to gives bonuses or pay raises to most employees but talking to others the favorites got massive raises and bonuses.
Luckily I can walk across the street and am looking to get a 30% bump.
Doesn't surprise me their suffering.