UBS plans additional job cuts, affecting over 100 positions, following its acquisition of Credit Suisse.
UBS plans another round of job cuts following its acquisition of Credit Suisse, affecting over 100 positions across the global investment bank. The reductions will primarily impact the wealth management and markets units and are scheduled to occur in the coming weeks. This follows UBS' $10 billion cost-cutting plan after the takeover, which resulted in over 3,000 jobs being cut in Switzerland.
April 17, 2024
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