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UBS Announces Major Workforce Cuts

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UBS Announces Major Workforce Cuts
UBS Announces Major Workforce Cuts
MarieBy

UBS Announces Major Workforce Cuts

By Marie

Swiss banking giant UBS is set to eliminate as many as 10,000 positions over the next two years, according to reports from Swiss newspaper SonntagsBlick.

The cuts, representing roughly 9% of the bank’s global workforce, come as UBS continues to absorb its former rival Credit Suisse, which it acquired in 2023 amid financial turmoil. Also Read: Ukraine Suspends Justice Minister Amid $100M Energy Corruption Scandal

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