268 NY Credit Suisse Employees Learn They Are About To Be Laid Off Via Department Of Labor Website

Tyler Durden's picture

Remember the DOL's very appropriately named WARN website we noted some time ago which warns investment bankers they are about to be made redundant (at least someone is being honest)? Well, it may be time to refresh, especially if you work at Credit Suisse (and sorrry, no bumping rights - should have thought about that before joining a non-union job).

From WARN:

Date of Notice:    11/15/2011                                                                         


Control Number: 2011-0154


Rapid Response Specialist :  Linda Foehr


Reason Stated for Filing:   Plant Layoff


Company:  Credit Suisse Securities (USA) LLC


One Madison Avenue and Eleven Madison Avenue (one site)


New York, NY  10010


County:  New York | WIB Name: NEW YORK CITY| Region: New York City


Contact:   Mindy Schwartz, Managing Director, Human Resources                                                       


Phone:  (212) 538-6703


Business Type:   Financial Institution 


Number Affected:  268


Total Employees:   -----     


Layoff Date:  Commencing on 11/28/2011 and extedning through 3/30/2012  


Closing Date:  -----             


Reason for Dislocation:  Economic


ERNUM: 05-81657                                          


Union:  No bumping rights exist.    


Classification:   Plant Layoff

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
PicassoInActions's picture

Damn, are they going to join OWS now?

wanklord's picture

What’s all the uproar?
It seems that most of Americans never bothered themselves to learn living within their means, save some money, plan for the future, get a decent education and avoid credit at all.

The blame must be placed specifically on the so-called Baby Boomers, a failed generation who really enjoyed the prosperity of the 50s and 60s; instead, they focused all of their deprived intellect in experimenting with all types of drugs and having very promiscuous sexual lives. These people have done nothing for this country and now they are so scared of potentially not being able to collect their government entitlements (paradoxically, they are the majority).

Therefore, America as a broken society is now paying the consequences of its own greed, lack of common sense and stupidity.

Someone said that Americans are just a bunch of stupid animals easy to manipulate and subdue. The sooner the US economy collapses the better, so the ignorant populace will finally learn NOT to live beyond their means – and stop blaming the government, since they don’t give a crap about people’s grievances.

RebelYell's picture

And to beat all that, America is full of absolutely bitter and jealous douche bags like ^^!  You clearly need more sex and better drugs (SRIs).

g speed's picture

HEY FORGET SEX, DRUGS OR ROCK AND ROLL -  he's a evengelical closet truther finding fault.

topcallingtroll's picture

I think he has a good point about laziness and selfishness of boomers as a class, but it is a moral failing that has nothing to do with sex or drugs...and I love teabaggers. If push comes to shove and i have to choose sides then Eich ben ein teabagger.

topcallingtroll's picture

If he could have avoided the sexual moralizing he would have made sense.

I am self disciplined, work hard, got educated, live within my means, and pay taxes at the highest marginal rate.

I also smoke pot and my wife and I are swingers.

Self discipline, morals, and the ability to work hard and take care of my family without the fucking government getting involved is a moral issue entirely separate from my sex life or what i inhale.

MachoMan's picture

so...  tell me about your childhood.

metastar's picture

So, ... tell me about your MILF?

Fedophile's picture

What's wrong with swinging and pot? They go great together.

Obadiah's picture

Oh snaaaap!  that's gonna end badly

aerojet's picture

Yeah, well, it certainly feels like certain folks got to enjoy consequence-free living and then pulled up the ladder before anyone else could. 

topcallingtroll's picture

To live ones life in a major credit expansion cycle it is no wonder the boomers have no idea you cant have your cake and eat it too.

When they do realize what faces us then they take the children's cake.

They have no shame.

topcallingtroll's picture

I love gross generalizations about particular classes of people! But remember not all boomers are that way.

NotApplicable's picture

Isn't divide and conquer fun?

Class warfare will surely save us all!

RebelYell's picture

I beg to differ... the ladder is a work of fiction portrayed in the media and film by wannabees and self righteous narcissists... thats cool.  Just don't drink the redrum.  These boom and busts are painful if your life isn't centered and full of friends and family.  Otherwise it's just a carnival ride or tent.  What can they really take from you - really.  Only wanting and worrying can make you sick. 

I just get tired of haters hating groups of people.  Never forget - all those things that you want come with a price... they ante up eventually.

Rockfish's picture

The blame must be placed specifically on the so-called Baby Boomers,

Whether you like it or not anything you have today is the result of labor sweat and blod of the generation preceding you.

I know, I know all your accoplishments are the fruits of your labor and effort,  and you could creat the same outcome if I dropped you off in the middle of Amozon jungle.

Youth is wasted on the young.

Mariposa de Oro's picture

These people have done nothing for this country

Hey, many of them voted for The Hope and The Change.  Whaddya mean they didn't 'do' anything for this country?  They helped destroy it.

Disclaimer:  I was born in 1962 but don't consider myself a 'boomer' as I came along too late to get in on the goodies.

NotApplicable's picture

You're a 'Tweener.

I'm the world's oldest GenXer.

mkkby's picture

Hopefully they burn the place on their way out.  We can dream... If every OWer torched a bank branch, it'd be all over tomorrow.

NotApplicable's picture

Thing is, they'd never do it, as they wouldn't want to waste all of the "money" inside that could be better used for pony rides for the children.

What they'll do instead is to form a single-file line to the slaughterhouse... er... ballot box.

GeneMarchbanks's picture

"Linda Foehr"

Didn't she also inform the MF Global workers of lay-offs?

Credit Suisse downgrade in 5... 4... 3...


greased up deaf guy's picture

AAAAAAAAAND it's gone.  your job.  it's all gone...

Rockfish's picture

You may be thinking of Linda Green

flacon's picture

Wasn't "she" the rubber-stamper robo-signer of mortgages?

Gubbmint Cheese's picture

please pack your ficus and GTFO.


firstdivision's picture

Nice set up by Fitch to help get QE3

GeneMarchbanks's picture

If a French rating agency can set up QE3 the apocalypse will be hilarious.

mayhem_korner's picture



I'm betting they learn about it through ZH sooner than the DOL site.

the not so mighty maximiza's picture

Awsome!!!! Depressed Credit Suisse women at the bar tonight


Bansters-in-my- feces's picture


I love it when another "plant worker" ceases producing.

Mactheknife's picture

>Reason Stated for Filing:   Plant Layoff

Yep...seems there just isn't much demand these days for those production line CDOs...a real shame.

Tommy5454's picture

I often wonder whether outsourcing would be so popular if it were high finance and lawyers being outsourced. Then I remember that animals do eat their own. But hey, they probably just could not keep up with the algos sending markets to gap down every day followed by green then ending at lows on absolutely no news at all. It really is pretty impressive.

Esso's picture

Oooooooooooo, I've got such bad carpy tunnel syndrome from all the phoney foreclosure documents I "produced" today, and they fire me? Where is gratitude for all my "hard work"????????


GenXer's picture

Less tax payers for a national debt that has just ticked over 15 trillion


mfoste1's picture

modern cannibalism....

catacl1sm's picture

Good ole Services economy.

Tommy5454's picture

The number of idiots who I went to college with who chewed me out in class when the professor would preach about the service economy and I would ask questions displaying my pessimism. I can only hope that some of them are in this bunch.

catacl1sm's picture

Yeah I don't see services as a 'core' economic engine. It's not the kind of thing you can export, hell you can barely sell it over the Internet. If someone can explain how an economy can SUSTAINABLY operate with a core manufacturing engine, I'm all ears.

Ellesmere's picture



Judging by the market reaction, you'd think the croupier with the marked cards just left the table.


chet's picture

Nice.  Keep em coming.  (We were promised 10,000 layoffs on Wall Street remember.)

PicassoInActions's picture

ok market going balistic now, wtf?

mayhem_korner's picture



The only problem with that is that it would be a RATIONAL response to REAL NEWS. 

Ivanovich's picture

Really?  PPT in effect?  Or the PAT?  The Plunge Assurance Team?