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.
https://www.reuters.com/article/us-credit-suisse-gp-layoffs/credit-suisse-denies-plans-for-a-new-wave-of-job-cuts-idUSKCN1NK1RY
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. From my understanding, management did not even explain the reason to the team or department. It's like she disappeared and vanished. Really unfortunate that Credit Suisse has made my BF feel walled off and segregated from close colleagues and friends.