Credit Suisse laid off almost 13% of employees
[ad_1]
Swiss bank Credit Suisse laid off about 13% of its employees, should from the bank’s financial report.
The number of workers fell to almost 34,000 in June from 39,000 in June last year. The rate of staff reduction in the bank accelerated in the first half of 2023 – 4,012 people left the bank compared to 928 for the same period in 2022. How clarified Reuters, data refers to the main branch of the bank. The credit institution’s services department was not affected by the reduction.
On June 12, the Swiss bank UBS announced the completion of the takeover of Credit Suisse, its main competitor, which was on the verge of collapse in March, the press service of the financial organization reported. The transaction amount was 3 billion Swiss francs ($3.3 billion).
June 28 Bloomberg citing sources wrotethat UBS intends to lay off more than half of Credit Suisse’s staff. At that time, as the agency wrote, Credit Suisse employed about 45,000 employees.
At the end of August, UBS announced financial results for the first half of the year and the second quarter of 2023, according to which the bank recorded record quarterly net income of $28.9 billion, including gains from the Credit Suisse acquisition. It was noted that Credit Suisse will be fully integrated into the parent company after a thorough assessment.
[ad_2]
Source link
