Credit Suisse Staff Told To Expect Three Job Cut Rounds In 2023; Credit Suisse Trading, Investment Bank To See Deepest Job Cuts
Portfolio Pulse from Happy Mohamed
Credit Suisse is planning three rounds of job cuts in 2023, with the deepest cuts expected in the trading and investment banking divisions, according to Bloomberg.
June 27, 2023 | 5:35 pm
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NEGATIVE IMPACT
Credit Suisse's planned job cuts in 2023 could lead to operational changes and potential cost savings, but may also impact morale and productivity in the short term.
Job cuts often lead to short-term operational disruptions and can negatively impact employee morale, which could potentially affect productivity and performance. However, they can also result in cost savings in the longer term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100