Credit Suisse Cutting 500 Jobs as Client Demand Wanes By Christine Harper

Credit Suisse Group, Switzerland’s second-biggest bank, is cutting 500 jobs in its investment banking and administrative support divisions as demand for the firm’s services declines.

The cuts bring to 1,320 the total number of jobs eliminated by the Zurich-based bank since the collapse of the …


Working it Out: How to recession-proof your job. By Tara Weiss

Whether we’re actually in a recession or not is the subject of debate.

What is certain is the rising unemployment rate. U.S. unemployment rose to 5 percent for the first time in two and a half years in December. That’s likely a result of the fallout from the subprime mortgage crisis—and there’s probably more …


Santa Clara County unemployment rate jumps By Pete Carey

The subprime mortgage crisis gobbled up more of the region’s jobs in retail, construction and finance in March, but the impact was cushioned by a resilient Silicon Valley technology sector….

…But even in the tech world, there are reports that companies are taking longer to fill jobs.

“There is hiring …


Career Journal Career Tip of the Week: Search for Jobs by Company Size

Are you a big or small company person? The size of a company is often one of the biggest factors in determining work success or failure, but is rarely taken into consideration by job seekers, says Rick Linde, a partner at Battalia Winston International, an executive-search firm based in New York. …


A Bear Of A Time Keeping Talent

Following the company’s brush with bankruptcy and with a takeover by JPMorgan Chase looming, Bear Stearns’ top talent probably will head for the door.

Before it became the poster child for the collapsing subprime mortgage market, Bear Stearns was known for its smart, rough-edged, aggressive brokers who rolled up their sleeves each day and …


Semerci, Former Merrill Executive, to Run Duet Group By Yalman Onaran

Osman Semerci, the former head of fixed income at Merrill Lynch & Co. who was ousted six months ago, was named chief executive officer of Duet Group, a London- based manager of private-equity and hedge funds.
Semerci, 40, also will be a partner at Duet, which oversees $1.7 billion in 13 funds, the firm …