Reuters  reported last week that Swiss investment bank Credit Suisse is planning another round of heavy layoffs in Europe as part of its previously announced plan to cut 3,500 jobs from its worldwide workforce of around 50,000. Sources told Reuters the new cuts would include senior management positions in the bank's investment banking division.

Credit Suisse spokeswoman Marcy Frank declined to comment Monday whether the worldwide cuts will affect the bank’s workers at its Research Triangle Park location.

At the end of 2010, Credit Suisse employed 1,100 workers and 200 contractors at its Morrisville tech support facility, which has expanded several times in the years since it opened in 2004.

In a rare move in June, the Swiss central bank warned Credit Suisse and rival UBS that both investment banks need to build up more capital to prepare for the possibility of the European debt crisis getting worse.

Source: Reuters

http://in.reuters.com/article/2012/06/25/creditsuisse-jobs-idINL6E8HPCCB20120625

Swiss investment bank Credit Suisse plans to cut more than 2,000 jobs worldwide after reporting weaker quarterly profit.

It's not clear how much the cuts will effect workers in Research Triangle Park, where Credit Suisse employed nearly 1,100 people at a technology support center at the end of 2010. The facility also employs about 200 contractors.

Credit Suisse was lured to RTP in 2004 with the promise of incentives worth as much as $14.4 million. The company announced several expansions since then, including a plan in 2009 to add 300 more information technology workers.

This morning, the company said it will eliminate about 4 percent of its 50,700 full-time positions worldwide. The move will save more than $1.2 billion in annual costs by 2012.