UBS layoffs - 36k employees
https://fortune.com/2023/04/02/ubs-cut-workforce-after-credit-suisse-takeover-up-to-30-percent/amp/
😭
It is a connected world, global pandemic, trade conflict and Ukraine war have negative impacts on everyone’s lives. You might delay it, but it will bite you sooner or later.
Makes sense
Prolly affecting mainly those from CS instead of UBS proper
Ouch 30 PC is a lot
And who does lending then? And mortgages?
Let's ban economic growth then. The reason banks exist is to pool money from people that would not otherwise lend it and invest it (read lend it) so new businesses are created and economic growth results. That's their social function on which everything around you, including your employment, relies on
Essentially laying off all the credit suisse people
Not true, lay-offs have started in UBS in the U.S, more to come
Rifs for CS employees not being taken in at UBS start mid June
Is this confirmed? I keep hearing they will take some time to evaluate
That sucks