More Job Losses For The Gnomes of Madison Park

Author:
Publish date:

So last week we broke the story of layoffs at Credit Suisse. At the time we were hearing that as many as 400 people were going to be laid off. When Credit Suisse finally formally announced the job cuts the next day, they claimed they were only cutting 150 positions.
So it seemed like the initial information we had from insiders at Credit Suisse overstated the depth of the cuts. Until today.
Today the gnomes of Madison Park said that they are cutting an additional 170 fixed income positions.
Total job losses at Credit Suisse so far: 320. Just 80 more and our first report will be proven correct!

Related