Posted on 05/09/2017 3:12:43 PM PDT by 2ndDivisionVet
Research Triangle Park, N.C. — Credit Suisse is adding 1,200 jobs at its technology hub in North Carolina, which approved more than $40 million in tax breaks on Tuesday to lure the jobs away from the New York City area.
The financial services giant is reorganizing operations and sharply reducing its workforce after two years of losses, cutting up to 6,500 jobs this year after slashing its overall headcount by 7,200 last year.
The announcement comes five weeks after North Carolina lawmakers repealed House Bill 2, a controversial state law that limited the rights of gay and transgender people. Passage of the law in March 2016 led financial firms Deutsche Bank and PayPal to cancel North Carolina expansion plans....
(Excerpt) Read more at wral.com ...
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