Updated:
Original:

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

So that'll leave a mark.
Author:

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]

Related

Layoffs Watch '15: Credit Suisse Wants You! (To Help It Cut Costs By 3.5 Billion Francs)

This is not so much a request as a requirement you're unlikely to get around, unless anyone is considering chaining themselves to their desks.

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.

Layoffs Watch '15: Credit Suisse

Analysts think the appointment of Tidjane Thiam is probably a sign big cuts are coming to IBD.

Layoffs Watch '16: Credit Suisse Has A Dream

And it's going to need lots of employees' help to achieve it, by boxing up their things and leaving the building (forever).

Bonus/Layoffs Watch '15: Credit Suisse

The bad news is that big execs will be receiving tiny bonuses. The good news is that most of them will be keeping their jobs, unlike some other employees at the bank.

Getty Images

Layoffs Watch '16: Credit Suisse Bankers Are Girding Their Loins

The Swiss bank is said to be asking London bankers to turn in their ID badges, forever.

Layoffs Watch '15: Credit Suisse Tells Fixed Income Traders To Pack Up Their Things

Traders in London were asked to clean out their desks today.