CREDIT Suisse Group is cutting at least one-third of its investment-banking workforce and about 40 per cent of research staff in China just two months after agreeing to spend US$160 million to take full control of its securities business in the world’s second-largest economy.
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Commentary: Companies are getting worse at laying people off
Businesses sometimes need to retrench employees. But that doesn’t mean those cuts need to be sloppy or cruel, says Beth Kowitt for Bloomberg Opinion....
