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Layoffs Watch '08: Credit Suisse To Can Both Essential And Non-Essential Employees At Some Point In The Future

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The Post reports that the marginally more successful, slightly less tax-evading Swiss bank in town plans to distribute a handful of pink slips in investment banking, probably around the time it mentions a sizable writedown with its second quarter earnings, though the "exact timing could not be learned." The cuts are said to cover high-yield sales and trading as well as leveraged loans, and hack away at "muscle, not just fat."
CREDIT SUISSE HEADS BACK TO THE CHOPPING BLOCK [NYP]

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