Credit Suisse is planning more job cuts in Switzerland?

Credit Suisse intends to cut about 900 job places in Switzerland to lift profitability as it gears up for a partial sale of the Swiss division, as Bloomberg referred today, according to two people with knowledge of the matter.
Credit Suisse's ultimate goal is to eliminate 1,600 jobs in Switzerland by the end of 2018, the sources said.
A spokesman for Credit Suisse in Zurich declined to comment, the agency reported.

On Wednesday’s investor day, two weeks ago, Switzerland’s second biggest bank announced to expect to achieve a CHF1.6 billion cost reduction this year, reducing expenses to below CHF19.6 billion.

At a press conference, chief executive Tidjane Thiam refused to comment on how the new cost cutting targets could affect jobs. And he told journalists that “it would not be helpful” to talk any further about job cuts. The search for productivity gains has to become a way of life at the bank,” he added.