Between 30,000 and 35,000 staff likely to leave combined group this year, according to report
The Swiss investment bank UBS is reportedly preparing to cut more than half the 45,000 staff it inherited from the takeover of stricken rival Credit Suisse, in a move that is expected to begin as early as next month.
Insiders have indicated that between 30,000 and 35,000 staff are likely to leave the combined organisation this year in three rounds of cuts beginning in July, according to Bloomberg News.
About Author
More Stories
What does Elon Musk want from all this politicking?
Norway to increase minimum age limit on social media to 15 to protect children
Rupert Murdoch’s Dow Jones and New York Post sue AI firm for ‘illegal copying’