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Career Resources
Bump
From what I’ve seen it was mostly legacy Santander
Are credit suisse people safe
I know of at least a few CS people who got let go
Mixed bag I heard but mainly legacy SAN
Bump
Bump
Which groups?
is there an article abt this? or where’d u hear abt it if not thru connections?
Structured Finance, GIG, LevFin, DCM at least
Aren't those their only good teams?
Exactly my thought lol
Overall it’s a culling of less productive, legacy seniors and making way for more juniors. Typically the bank would just put them in less important MO/BO roles but glad they’re taking the more American approach finally. Long overdue imo
Is this the one and only round of layoffs?
Heard juniors wave in December
Where did you hear this
Might’ve been blowing smoke but a credible senior on my team
Hmmm wonder if they'll be winding down the investment bank
Too soon - they still have guarantees on some of the senior CS guys
Their weakest teams absolutely should be shut down bc they don’t cover the G&A expense
LevFin / Energy / PF should be relatively safe
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