If the market makes a turn soon, do you think there will be UBS layoffs? Any chatter, news or rumors?
UBS plans five waves of layoffs from June to November
UBS will roll out five waves of job cuts starting in June as it pushes through its takeover of Credit Suisse, which is expected to lead to thousands of... — read more
UBS rolls out fresh layoffs as Credit Suisse integration continues
UBS has rolled out another round of job cuts within its investment bank as the Swiss lender looks to strip out thousands of roles after its acquisition of rival Credit... — read more
UBS must freeze any job cuts
ZURICH, April 11 (Reuters) - Credit Suisse (CSGN.S) and UBS (UBSG.S) must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees' Association (SBPV) said on Tuesday, in an open letter to the country's parliament. [... — read more
Which positions will be affected the most?
Can anyone feel safe?
Cuts will be worse than I expected
I know every takeover comes with cuts and I know the majority of it always comes from the company that was acquired, so I admit I didn't expect to hear we'd be losing 30 percent of employees. That seems excessive and frightening. Not to mention... — read more
UBS has brought Ermotti back as CEO
UBS brings back Sergio Ermotti as CEO after Credit Suisse rescue Hong Kong CNN — UBS is bringing back its former chief executive, Sergio Ermotti, effective April 5. Ermotti is currently chairman of Swiss Re. He previously served as UBS... — read more
Layoffs to follow after the merger
Kelleher said the plan by UBS includes a contraction of Credit Suisse’s investment banking business. This strategy would help it mesh with the "conservative risk culture” of UBS, he said. He said it was unknown at this point how many job cuts... — read more
UBS getting into Chinese private pension business
What could possibly go wrong? https://seekingalpha.com/news/3912524-jpmorgan-ubs-others-compete-for-share-in-chinas-private-pension-market
UBS Layoffs 2023
How likely is that there will be UBS layoffs? Any chatter, news or rumors?
Wealthfront Acquired, no layoffs expected
This was announced today. Wealthfront Does not have a large headcount.
UBS Layoffs 2021
Do you think there will be UBS Layoffs 2021? Any news or rumors?
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
Keeping it Cool - Corona Virus Mega Thread for UBS
Where is this taking us? How will be the rest of the year.
How many people work at UBS?
What's the total headcount? How many employees work at Zurich?
UBS Layoffs 2020
Do you think there may be small/medium/large UBS Layoffs 2020? Any news or rumors?
Another layoff hit in Asia (40 positions)
https://www.bloomberg.com/news/articles/2019-10-21/ubs-plans-to-cut-40-trading-investment-banking-jobs-in-asia
Upcoming Reorg
Co-Heads Novelli and Karofsky are working on a reorg. It'll be massive. All banks are laying off, we will follow.
Deutsche Bank / Investment Banking to Cut 20,000 People
Deutsche Bank to lay off 20,000 people - glut of available labor on the horizon @ZOSsHSu — See details: https://www.thelayoff.com/t/ZOSsHSu
Layoffs in investment bank
UBS Started layoffs in investment bank.
UBS Layoffs 2019
Do you predict that there will be UBS Layoffs in 2019?
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
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
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
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.
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?
Rumoured to be May 6th 2016 but the day came and went. South East Asian town hall slated for May 19th
and that should be when the layoffs are cometed so new head in Singapore can do a show and tell on body count and song and dance to hapless survivors. Am in WM division for over 10 years , Retrenchment usually coincides with payroll 19-22th day of... — read more
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
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
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
Stamford, Connecticut Layoffs
Do we have any updates on layoffs in Stamford, Conn? It's all over the news.
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?
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
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
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
Working for UBS
Expect a lot of promises and a lot of work. Get ready, 80 hr work week cannot be worse. Good luck