Location: Switzerland.
Based on news reporting.
UBS is reportedly planning to cut 10,000 jobs by 2027 as part of a fresh restructuring initiative. This decision comes amid ongoing efforts to streamline operations and improve efficiency within the Swiss bank. The layoffs are expected to be phased in over the coming years, with no specific dates provided for when the cuts will begin. The restructuring reflects UBS's response to changing market conditions and aims to enhance its competitive position in the banking sector. As of now, the exact locations and departments affected by these job cuts remain unspecified.
UBS cut 10,000 jobs as of January 1, 2027.
That is roughly 13.7% 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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Estimated figure based on news reporting. Not yet confirmed by UBS.
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