Layoffs Watch '16: Credit Suisse To Lighten Its Load By 4 Figures Worth Of Employees

So that'll leave a mark.

Yesterday we learned that Credit Suisse planned to make "significant" cuts in its investment bank, but we didn't know if that meant 6-7 employees in the way that every little investment banker counts or something a bit more harsh. Now, we've know more re: the expected body count:

A slump in investment banking revenues pushed Credit Suisse (CSGN.S) to accelerate its cost-cutting plan as Chief Executive Tidjane Thiam admitted he had been unaware of trading positions that triggered more big writedowns in the first quarter. Switzerland's second-biggest bank said on Wednesday it would shave an additional 800 million Swiss francs ($821 million) off costs and cut 2,000 more jobs from its Global Markets division.

Credit Suisse to axe 2,000 more investment banking jobs [Reuters]