UBS Layoffs: Switzerland-Based Bank To Cut 36,000 Jobs Globally After Completing Its Takeover of Credit Suisse
A Swiss newspaper reported that UBS is set to cut its workforce by up to 30% after completing its takeover of Credit Suisse.
UBS Group AG is set to cut its workforce by at least 30% worldwide after completing its takeover of Credit Suisse Group AG, the Swiss newspaper SonntagsZeitung reported quoting an unidentified senior manager. However, the official spokesperson refuted the claims of layoffs. If the sources are to be believed, as many as 11,000 employees will be laid off in Switzerland and 25,000 worldwide working under UBS Group AG after Credit Suisse Group AG merger. McDonald's Begins Layoff Process, Temporarily Closes Corporate Offices in US Ahead of Sackings: Report.
UBS To Layoff 30% Workforce
UBS is set to cut its workforce by up to 30% after completing its takeover of Credit Suisse.
— The Spectator Index (@spectatorindex) April 2, 2023
(The above story first appeared on LatestLY on Apr 03, 2023 03:21 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
