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Layoffs Watch ’12: Credit Suisse

Cuts are expected to go down at the House Of BD.

Credit Suisse is eliminating 100 jobs at its investment banking operation in Britain as part of a cost-cutting program, according to a person with direct knowledge of the plan. The job cuts affect Credit Suisse’s equities and fixed-income divisions, said the person, who declined to be identified because the plan was not public. The step is part of the bank’s continuing $4.3 billion cost-reduction program.

[Dealbook]

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16 Responses to “Layoffs Watch ’12: Credit Suisse”

  1. Guesr says:

    Getting to $4.3 billion 100 people at a time. I hope they are starting at the top

  2. Fashionista Guest says:

    So all tops, no bottoms ?

  3. oki says:

    Whats the average employee at CS get paid out in comp/support, ~400k? So another 10,000 employees to go and they are there

  4. GS Regality Analyst says:

    Definitely not looking to regal in that pic.

  5. jokeseeker says:

    Where are the UBS jokes?

  6. brady dougan says:

    hey when is the next storm to move out the head of equities
    bob jain

  7. Thomas Jordan, SNB says:

    I think firing Brady Dougan would achieve significantly better cost savings and more improvement within CS.

  8. Guest says:

    A client once asked what outside research we use and I said "Credit Suisse" and he thought I said "Craig's List"

  9. brady dougan says:

    hey firing me wont solve anything, I was frank quatrones boss

  10. brady dougan says:

    and bobby was a flaming ferarri
    and george was myhead of equities despite being banned from trading
    makessens right