JPMorgan Will Not Be Outdone By Credit Suisse, Hush Hush About Plans, Though


We hear Syndicated Leveraged Finance analysts at JPM, currently in training, were rounded up yesterday and told that “there will be people leaving this group.” No mention of how or when the cuts will come. Heard anything similarly vague and sinister? Let us know.


Layoffs Watch '12: Credit Suisse

Cuts are going down at the House of Dougan today. From the front lines: "Layoffs started at Credit Suisse this morning, across the investment bank. All levels affected, including a good amount of senior guys." Apparently these reductions are part of a round cuts announced last year and were to be expected (though the "let's have a chat" from HR this morning may still have been a slight surprise for those being asked to take a seat).

Layoffs Watch '16: Credit Suisse Planning To Give A Bunch Of Employees The 'It's Not You It's Me' Speech

You're a great banker, but I'm just not in a place where I'm emotionally ready for your pitchbooks.