Credit Suisse will cut 5,300 jobs -- about 11 percent of its workforce -- following a net loss of about 3 billion Swiss francs ($2.5 billion) in October and November, the Swiss bank announced Thursday. Said one of its recently laid-off bank-tellers, "That's what you get when you work for a cheesy company; a company whose economic contingency plans are full of holes!"
Credit Suisse Smells like Limburger
Submitted by PP Rega
Thursday, 4 December 2008