Credit Suisse will cut 5,300 jobs -- about 11 percent of its workforce -- following a net loss of about 3 billion Swiss francs in October and November, the Swiss bank announced Thursday.
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Credit Suisse cutting 5,300 jobs after loss
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Autonation to cut 1,300 jobs
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SAP to cut 3,000 jobs
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Bank of America to cut 3,500 jobs
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Credit Suisse ends losing streak
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There will be layoffs in SANS in order to cut the expenses:
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Lloyds Banking group announces 300 job cuts
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Swiss National Bank makes surprise rate cut
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Applied Materials to cut 900-1,300 jobs
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Sun Microsystems to cut 5,000 to 6,000 jobs
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Dow to cut 5,000 jobs, close 20 plants
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Swiss bank UBS to cut 2,000 jobs
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Commerzbank to cut up to 6,000 jobs
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Credit Suisse downgrades Tata Steel to 'underperform'
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11:14 Morgan Stanley to cut 1,600 jobs
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Unemployment rate falls to 5.4%
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Ameren Corp. cuts 300 jobs