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Two days before it releases its first quarter results, Credit Suisse announced another 500 job cuts in its investment banking unit, which currently has a staff of 20,600. The recent layoffs bring the firm&#39;s total number of cuts since the credit crisis began to 1,320. &lt;p&gt;Although this number pales in comparison to several other big Wall Street players&#39; recent layoff announcements, analysts believe Credit Suisse&#39;s reductions are far from over. &lt;p&gt;A firm spokesman attributed the layoffs to &quot;market conditions and projected staffing levels required to meet client needs.&quot; That is, clients&#39; needs are not what they used to be. &lt;p&gt;According to Bloomberg, worldwide M&amp;amp;A deal volume announced so far this year has fallen 33 percent versus the same point last year. Meanwhile, global equity and equity-linked deals have decreased 36 percent, and worldwide high-yield bond sales have fallen 77 percent. &lt;p&gt;

Derek Loosvelt

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