Blogs

newsobserver.com blogs

Credit Suisse to slash 2,000 jobs worldwide

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.

Cars View All
Find a Car
Go
Jobs View All
Find a Job
Go
Homes View All
Find a Home
Go

Want to post a comment?

In order to join the conversation, you must be a member of newsobserver.com. Click here to register or to log in.
Advertisements