Location: Zurich, Switzerland.
Based on news reporting.
UBS has laid off approximately 300 employees as part of its restructuring efforts following the acquisition of Credit Suisse. This move is part of a broader strategy to streamline operations and integrate the two firms effectively. The layoffs reflect UBS's response to the challenges and opportunities presented by the merger, aiming to enhance efficiency and reduce costs. The job cuts are seen as a necessary step in aligning the workforce with the company's future goals. UBS's leadership has indicated that these changes are crucial for the successful integration of Credit Suisse's operations.
UBS cut 300 jobs as of October 1, 2023.
That is roughly 0.4% of the 73,000 people UBS employs.
LayoffTalk has tracked 25 layoff events at UBS since October 2023, affecting a combined 18,077 employees.
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