Previously announced cuts at Credit Suisse began yesterday and are expected to continue today, with the investment bank being hit hardest. Apparently the mood is "like a funeral" this morning, though that may have more to do with the fact that last night was IBD's annual holiday party at Chelsea Piers and it was "a lame, sweaty cheese-fest," though "the drunken groping was at a high, especially among current and incoming employees," so who knows.
Layoffs Watch '08: CS
Posted by Bess Levin, Dec 10, 2008, 9:13am
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Posted by guest , Dec 10, 2008 9:28AM
It's more than anyone could take - twice fucked by the wideclops in less than 24 hours.
Posted by Seaman Bodine , Dec 10, 2008 9:44AM
well, the private bank over there is hiring like mad
Posted by guest , Dec 10, 2008 9:45AM
I'd rather be coming in employees than an incoming employee at CS
Posted by guest , Dec 10, 2008 9:49AM
Pretty ballin' to have a holiday party and then sh1tcan your people the day after
Posted by guest , Dec 10, 2008 9:50AM
"well, the private bank over there is hiring like mad"
private is on hiring freeze now as well, talked to HR
Posted by guest , Dec 10, 2008 10:08AM
which groups are taking the hit?
Posted by guest , Dec 10, 2008 10:24AM
eq research associates mostly it seems.
Posted by GinNTonic , Dec 10, 2008 10:34AM
http://www.someecards.com/upload/christmas/plan_on_groping.html
Posted by guest , Dec 10, 2008 10:58AM
how about leveraged finance? S&T?
Posted by guest , Dec 10, 2008 11:05AM
Hearing Goldman has released another 200 in London today.
Getting worst before it gets good again
Posted by guest , Dec 10, 2008 11:34AM
Financial Sponsors Group at CS is gone! Toast! Finito. Fuck 'em assholes
Posted by guest , Dec 10, 2008 11:39AM
Financial Sponsors Group at CS is gone! Toast! Finito. Fuck 'em assholes
Posted by guest , Dec 10, 2008 5:45PM
Is the M&A group getting hit?
Posted by guest , Dec 10, 2008 5:50PM
confirmed - FIG first and second yrs shown the door as well as a lotta GMSG analysts
Posted by guest , Dec 11, 2008 11:19AM
Oh it's Christmas! Leave her alone.It is hard to be ugly on Christmas and to have to take the first man you get a date with knowing that no other would ever consider it in all those years.
Posted by guest , Dec 11, 2008 11:20AM
This 16 - 19 rant is like that smelly babbling person on the subway. You feel uncomfortable and wish that they would just get off at the next stop. When that doesn't happen you begin hoping for plan B: that someone will come along soon and arrange to have them removed.
Posted by guest , Dec 11, 2008 11:23AM
17 (formerly 20) here: thank you.
Posted by guest , Dec 11, 2008 11:48AM
Equities research in US let the whole Auto's and Airlines teams go. No surprise there. Random sales and traders gone throughout as well. Seems like a lot of derivatives traders relative to other groups. Asian teams hit hard. Pieces from all over.