News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Credit Suisse saw 8,000 employees depart in the first half of 2023

Credit Suisse has seen an exodus of staff while also rolling out redundancies

Thousands of Credit Suisse employees departed since the end of last year as the Swiss bank rolled out cost-cutting programmes amid its historic takeover by UBS
Thousands of Credit Suisse employees departed since the end of last year as the Swiss bank rolled out cost-cutting programmes amid its historic takeover by UBS Photo: Alamy Stock Photo

Around 8,000 Credit Suisse employees left the bank during the first half of 2023 as the troubled lender rolled out redundancy plans and key staff departed for rivals in the wake of its takeover by rival UBS in March.

Thousands of Credit Suisse employees have departed since the end of last year as the Swiss bank rolled out cost-cutting programmes and its historic tie-up with rival UBS has seen hundreds of staff quit every week.

WSJ Logo