UBS Layoffs

Topics regarding layoffs at UBS

UBS to cut more than 2k employees in US!

This is huge - I'm not sure anybody will be safe. I have no idea what's the situation with severance and if any will be offered. If somebody knows more about it please post! We are not the only ones, Europe is being hit hard as well. I guess it was... —  read more 

UBS Layoffs 2020

Do you think there may be small/medium/large UBS Layoffs 2020? Any news or rumors?

Upcoming Reorg

Co-Heads Novelli and Karofsky are working on a reorg. It'll be massive. All banks are laying off, we will follow.

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Post ID: @OP+10seQtqC

Get a robo-adviser!

I worked for them in the U.S. as a banker doing Securities Backed Lines and Mortgages and I'm glad to be out of there. Terrible technology. Horrible mortgage company. I thought a Swiss company would be great, but they are living in the stone age. The... —  read more 

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Post ID: @OP+V5pSE1g

Must read from a former employee

I worked for them in the U.S. as a banker doing Securities Backed Lines and Mortgages and I'm glad to be out of there. Terrible technology. Horrible mortgage company. I thought a Swiss company would be great, but they are living in the stone age. The... —  read more 

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Post ID: @OP+Uy4Ss5h

Layoffs at UBS confirmed

Looks like this will affect some of the bigger fish as well, for a change. UBS layoffs look set to happen as group prepares to trim its wealth management division by sacking dozens of its staff, Bloomberg has reported citing unnamed sources familiar... —  read more 

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Post ID: @OP+UqsT48Q

uBS Layoffs ..June 2018

Old colleagues of mine have heard a new round of layoffs is underway. Some already laid off. GAM and WM in NY/NJ affected. No word of numbers.

Where can I find news about recent layoffs at UBS.

I tried finding more info but there is nothing out there. Please share any news sources about UBS layoffs (if you have them) - this does not have to be 2017 only, any news is good regardless of how old the info is - I know there were several waves... —  read more 

UBS Layoffs 2017

Whenever you think there will be no layoffs/job-cuts/RIFs they change the approach. Now all people are talking about job cuts in Zurich.

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Post ID: @OP+KvnCBbb

Support and Products Layoffs

Do we have any updates here? If I remember correctly, there were rumors that they will be hit hard in June 2016 - has any of that happen?

Have to layoff for money reasons

Hi. We must remember who the most important people are. It's me and the board members. I need to get rid of all American worked so I can get our bonuses over $100 million. I mean I do have the company pay some Irish lady to sing what I like for... —  read more 

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Post ID: @OP+EbWhe19

Series 7 Sponsorship

Now, you gotta be very, very careful when it comes to dealing with characters that work for UBS. They lie to you and promise you whatever just to keep you there until they say okay your not needed any longer. And they tell you no when you ask for... —  read more 

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Post ID: @OP+DxqMnTH

Q1 2016 UBS LAYOFFS

Focus: Stamford - Compliance Group and GFS IT / Applications. Some software engineers in Nashville and Jersey City. This is what I heard, so take it with a grain of salt. 2016 may turn out to be a very challenging year as they are pushing for even... —  read more 

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Post ID: @OP+DtCk77s

Private Wealth Layoffs

Anyone heard more about this? Is this thing for real or what? Are we going to be cutting people on the Private Wealth side?

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Post ID: @OP+Cta2inl

Banking Layoffs - Mortgage Units

There is a big hoopla about banking layoffs right now but it's mostly on the mortgage side of the big commercial banks. UBS is not affected by this but if the mortgage side at commercial banks continue to tank, this may spread beyond and affect UBS... —  read more 

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Post ID: @OP+AKYfoSV

UBS Layoffs in 2015 and beyond

You never know what's going to happen and when UBS will cut. I have been with the company for about 11 years now, I can give you a piece of advice. Ignore all layoff rumors, it does not matter what you hear, 2015 cuts, 2014 cuts, whatever. You need... —  read more 

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Post ID: @OP+zOWhqmw

UBS Rumors

So, here is what I heard, it might be all fake or not true but this is the rumor that I heard. The IT group will reorganize around 3/1/2015, some groups will be merged and this will require that we let go off some managers, now the rumor has it that... —  read more 

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Post ID: @OP+z8CYXiw

Working for UBS

Expect a lot of promises and a lot of work. Get ready, 80 hr work week cannot be worse. Good luck

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Post ID: @OP+yks7eTg

PaineWebber Layoffs

Do you know if PaineWebber is still laying people off. I noticed a job posting by PaineWebber and I'd like to apply, yet given the uncertainty caused by the latest round of layoffs I am not sure if I need to pursue this opportunity. I know that this... —  read more 

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Post ID: @OP+xFUNnnY

October 2014 Layoffs and Reorg

Anybody has more info about this - I heard that there might be a reorg at UBS and since I am considering joining the company I wanted to see if insiders had more info about the plans. To be frank, I heard that there will be a reorganization effort... —  read more 

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Post ID: @OP+x44nzjY

2012 Cuts at UBS

In 2012 there was a major cut - I was let go in December 2012. I am not sure what happened after I left but I know that we were talking about 15% cut. Ermotti was making statements about shaping up Investment Banking and billions of dollar in savings... —  read more 

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Post ID: @OP+wHo3u3n

New joiners, a question

A serious question: who works at UBS? Its been like what, 7 years of non stop bad news. What makes some 22 year old think "well, after all that utter shit and mediocrity, I am sure ILL live the models and bottles life style I read about on wso"

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Post ID: @OP+wnHyCwE

Lay off bad people

Just like cancer, a small number of dangerous and bad-behaving cells slowly but surely kill off the normal cells. UBS body is not dead yet, but many of the good body parts are killed off because of a few bad behaving cells. UBS is not just a few evil... —  read more 

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Post ID: @OP+vRfwmwT

Things are good in Q1 and Q2 of 2014

Profits are up, we are making money, everyone is happy. Can it be better? Certainly! But, we can stash a billion every quarter, pay nice fat bonuses, take care of our people and customers - while we march forward there will be casualties, some... —  read more 

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Post ID: @OP+vJOQOFs

Ongoing cuts

Nothing more to add for UBS, we do let people go all the time, I think we have 60,000 employees, you would expect at least 2% to be let go every year from UBS, so that is 1200 folks, roughly 100 every month, it's really nothing major for UBS. We did... —  read more 

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Post ID: @OP+vH8ZoBc

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