Swiss bank Credit Suisse is intensifying its restructuring efforts, announcing Wednesday greater cost cuts and plans to reduce headcount by another 2,000.
The firm has a major presence in the Triangle.
What impact the layoffs will have locally has not been spelled out.
The bank cited “disappointing financial results” because of a combination of a high, inflexible cost base, exposure to illiquid fixed income assets, tough market conditions and “historically low levels of client activity.”
Credit Suisse said it is now targeting cost reductions of at least 4.3 billion Swiss francs ($4.4 billion) by 2018, up from 3.5 billion francs previously. Savings of 1.7 billion francs are expected this year.
The company now plans to cut 6,000 jobs, of which 2,800 have already taken place. Last month the company said it was cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter.
Last September, Credit Suisse disclosed plans to increase its headcount in the Triangle by some 25 percent.
The company also said it was expanding its physical footprint by occupying some 70,000 square feet of office space at one of Lenovo;s three headquarters buildings in Morrisville.
