Cuts are going down at the House of Dougan today.
From the front lines:
“Layoffs started at Credit Suisse this morning, across the investment bank. All levels affected, including a good amount of senior guys.”
Apparently these reductions are part of a round cuts announced last year and were to be expected (though the “let’s have a chat”from HR this morning may still have been a slight surprise for those being asked to take a seat).
Join us at UBS!
UBS still has an investment bank? Huh, who knew?
This would never happen in Houston.
For once, I'd like to call up HR and ask him or her "to have a chat"
When was Harvey Dent put in charge of CS?
You idiot, that's Conan, I guess they figured that Team Coco might have huge brand with treasury or something.
first CS gives employees bonus in CDOs, then they fire these employees. In the end the bank's book looks better, and they have "sophisticated investors" holding on to CDOs that no one wants. Genius move I must say.
i'm gonna miss getting paid in MTM funny money and low quality shakes and burgers
works in bombay
right after they whacked out Mac
* non recourse CDOs*
there fixed that for you
fire Aviva style and say "it was a mistake" to the ones who don't come grovelling to you.
Blundering Aviva accidentally 'sack' 1,300 staff after forwarding goodbye email to everyone
http://www.dailymail.co.uk/news/article-2134100/B…
So Trident Layers > MTM funny money and low quality shakes and burgers?
Is Shake Shack hiring?
-CS IBD Analyst
http://www.usatoday.com/news/nation/story/2012-04…
on the bright side, the fired employees are now eligible to join the Credit Suisse Alumni Network. There are tickets for the NY Philharmonic for new enrollees.
- CS HR
"In the last year, they were more likely to be employed as waiters, waitresses, bartenders and food-service helpers than as engineers, physicists, chemists and mathematicians"
those that majored in engineering are not the waiters/waitresses/bartenders, but more likely those that have "creative writing" degrees.
Years ago when I was at Merrill, I once was sitting at my desk and "Human Resources" flashed across the caller ID on my land line – - just for a second, before I could answer.
I sometimes wonder if someone really mischievous / mean-spirited was just hanging out in HR reception and making random 1-ring calls to people.
There's a comedy movie premise for sure, ready-made.
no, that's really how incompetent Merrill is… can't even fire people right let alone run a bank
I don't get this joke.
not chaat, chat
can we also get discount coupons for Shake Shack and pass to skip the line.
- Laid off CS employee who is hungry
Roundhouse cuts
Is CS retreating from IBD?
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