Department Of Labor Tells 49 Unlucky Credit Suisse Bankers They Are About To Be Laid Off

Tyler Durden's picture

The earlier bomb scare at Credit Suisse's 1 Madison Avenue HQ may have been a hoax (or, considering this news, a diversion) but the sneaky announcement that the Swiss bank is preparing to fire 49 employees, once again courtesy of the DOL's appropriately named WARN website, is all too real. And since we are now deep in (lack of) bonus season, expect banking layoff announcements to start popping up daily if not hourly. As for the Unmagnificent 49: goodbye 1, welcome 99.

From WARN:

Date of Notice: 12/12/2011

 

Control Number: 2011-0184

 

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:  49

 

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