• 16 Apr 2012 at 10:37 AM

Layoffs Watch ’12: Credit Suisse, Maybe

The Swiss bank might cut 5,000 employees or it might not.

Swiss bank Credit Suisse could announce the loss of up to 5,000 jobs in its investment banking business at its forthcoming first-quarter results, a Swiss newspaper reported on Sunday. Citing an estimate from a member of senior management, the Sonntag newspaper said the bank could cut around 5,000 positions. The investment bank is “simply completely oversized,” the person was quoted as saying.

[Reuters]

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Comments (26)

  1. Posted by Marky Mark | April 16, 2012 at 11:22 AM

    Maybe…maybe not. Maybe fuck yourself.

  2. Posted by H. Hump | April 16, 2012 at 11:43 AM

    Only the sexy people.

    - Humpty Hump

  3. Posted by GS guy | April 16, 2012 at 11:47 AM

    maybe you are from CS

  4. Posted by Brady Bunch | April 16, 2012 at 11:57 AM

    It's like deciding whether to get rid of Peter or Cindy. Decisions…

  5. Posted by Guestest | April 16, 2012 at 12:02 PM

    On the bright side, we're doing you a favor.
    - Dougan

  6. Posted by Herp Derp | April 16, 2012 at 12:35 PM

    maybe you are a wizard

  7. Posted by Guest | April 16, 2012 at 12:53 PM

    Our strong position means we are in a better position to take advantage of our positional strength, for anyone seeking a position within our firm.

    -CS HR Quant

  8. Posted by J Morrison | April 16, 2012 at 1:03 PM

    I am the Lazard King!

  9. Posted by sone | April 16, 2012 at 1:31 PM

    or a squid

  10. Posted by UBS MD | April 16, 2012 at 1:47 PM

    I heard Swiss banks are safe for now..

    UBS MD

  11. Posted by Guest | April 16, 2012 at 2:16 PM

    Hey goat. Say hello to your mother for me.

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