UBS Plans Massive Layoffs, Cutting Over Half of Credit Suisse's Employees
- 10 months ago
UBS Group AG to Cut Over Half of Credit Suisse Group AG's Workforce:
UBS to save $6 billion in staff costs, reducing combined headcount by 30%. Most private bankers to be retained, but many have left. Fate of Swiss domestic business to be decided in Q3.
UBS to save $6 billion in staff costs, reducing combined headcount by 30%. Most private bankers to be retained, but many have left. Fate of Swiss domestic business to be decided in Q3.