UBS Restructuring After Credit Suisse Takeover
UBS has been cutting jobs since 2023 after acquiring Credit Suisse.
UBS's 2024 workforce was ~110,000.
Job cuts would come via attrition, early retirement, internal moves, and inhousing external roles.
UBS denied the 10,000 figure, stating it would minimize global and Swiss job cuts.
The 10,000 reduction would be next phase after Credit Suisse integration, affecting 10% of UBS's workforce.
1 month ago