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Layoffs Watch '11: Credit Suisse

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The other Swiss bank is mulling over the idea.

Apparently CS is considering cutting 1,500-2,000, which they may announce Thursday. Topping Employee Elimination league tables is UBS, which is thinking about axing 5000.


Layoffs Watch '12: Credit Suisse

The Swiss bank is not done with its firings. Credit Suisse, the second- biggest Swiss bank, told New York state regulators it will eliminate 126 jobs in Manhattan over the coming months. The dismissals affect offices at 1 Madison Ave. and 11 Madison Ave. and will extend through Aug. 6, the bank wrote in a Department of Labor filing. The firm decided last year to scale down its investment bank and said it would cut 3,500 jobs. [Bloomberg]