The atmosphere at Credit Suisse is described as miserable, with employees expressing their dissatisfaction with the company. Outplacement and career advisors are urging employees to quickly find new opportunities to avoid appearing stagnant and unresponsive to potential employers. This situation is particularly concerning for employees over the age of 50 who have been with the bank for a long time and have limited direct customer contact.However, not all employees are in a rush to find new jobs. One 50-year-old banker, whose position is being eliminated, is relaxed and has turned down a job offer from a competitor due to lower salary and less favorable bonus structure. With a twelve-month notice period, he is content to take a year off after working hard for the past twenty years. Similar anecdotes are circulating among other employees, with some enjoying a more relaxed lifestyle and reconnecting with old friends.Despite the challenging job market, many former Credit Suisse employees have found new positions, either within the banking industry or in other sectors in the Zurich area. The article suggests that the job market and generous social plans have helped alleviate the impact of the layoffs. The situation at Credit Suisse is compared to that of pharmaceutical company Novartis, which also offered high severance packages and early retirement options to mitigate the impact of job cuts.Overall, while there may be complaints from employees, the article suggests that the situation for these bankers is not as dire as it may seem.

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