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.


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26 Responses to “Layoffs Watch ’12: Credit Suisse, Maybe”

  1. Marky Mark says:

    Maybe…maybe not. Maybe fuck yourself.

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    Only the sexy people.

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

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  5. J Morrison says:

    I am the Lazard King!

  6. UBS MD says:

    I heard Swiss banks are safe for now..

    UBS MD

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    Lemon Party!

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