Light your candles, hang some mistletoe, ring in 2013, and then come back January 2 prepared to clear out your desk.

Depending on what the House of Dougan is feeling, some people will also get to observe Martin Luther King Day, Groundhog Day, President’s Day, and Valentine’s Day before being escorted out of the building.

Credit Suisse the second- largest Swiss lender, plans to eliminate 120 jobs in New York City as Chief Executive Officer Brady Dougan pursues plans to reduce expenses. The cuts will take place between Dec. 30 and March 4 at the company’s Madison Avenue offices in Manhattan, the Zurich-based bank said in a notice dated yesterday with the state Department of Labor. The dismissals are part of previously announced cost reductions, according to Jack Grone, a spokesman for the bank. He declined to elaborate on the filing.

Credit Suisse Plans To Dismiss 120 In New York City [Bloomberg]

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  1. Posted by Madea of UBS | December 11, 2012 at 9:27 PM

    It's my severance and I need it now.