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

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