News

Layoffs Watch ’12: Credit Suisse Has Good News And Less Good News

The good news: due to logistical issues, no one will be fired before tonight’s holiday party! The less good news: you’ll likely still be fired eventually.

From the House of Dougan:

“Credit Suisse NY equity research layoffs have been stalled since last week. Lots of confusion, no communication, but said to still be happening. Likely to be next week since today is the holiday party. People are expecting approximately 10 percent of reserach to be cut. (Sales was cut last Tuesday, many at MD level.) Assumption is that there will be no bonuses, since bonus talks will not have taken place yet.”

29 comments
(hidden for your protection)
Show all comments

29 Responses to “Layoffs Watch ’12: Credit Suisse Has Good News And Less Good News”

  1. Guest says:

    This holiday party won't be awkward at all.

  2. guest says:

    any words on the Boston office?

  3. Madea of UBS says:

    Ho Ho Ho

  4. Guest says:

    They're going to need more alcohol.

  5. investorcluzo says:

    I was wondering why CS hadn't sent me any new research this week.
    -[Redacted], Equities Trading, Diamondback Capital

  6. guest says:

    "Assumption is that there will be no bonuses", no need for the next qualifying phrase

  7. Accenture Consulting says:

    Hi,

    This is probably a minor issue, but I just realized that report I gave you said that firing employees during the Christmas season and not giving out bonuses is actually BAD. Sorry for the typo. Again it said good instead of bad. Please see the updated copy attached.

    Regards,

    Accenture Consulting

  8. Holiday MD says:

    CHF 8.00 for domestic and wells from 6:00 to 7:00. IPod karaoke to follow.

  9. ERROR 404 says:

    Sorry, we couldn't find what you were looking for.

  10. Guest says:

    I would have starting drinking this morning.

  11. short john silver says:

    can i get some research on the impact of the layoffs on CS stock?

  12. Guest says:

    For gods sake it's Pronounced "sweese" not "Swiss".

  13. OpportunityCost says:

    "Will not have taken place. "

    I see what you did there.

  14. bullsbearspigs says:

    go buy some $800 neckties go hang yourselves with, shitbirds

  15. Guido says:

    Bess, is reserach a Jewish term?

    — Guido, the pedantic Swiss banker

  16. ballzdeep says:

    What a shit hole.

    Class of 2005.