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UBS Cuts Hundreds of Jobs During Credit Suisse Integration
UBS is reducing staff levels as part of its ongoing integration of Credit Suisse. The reductions coincide with separate automation initiatives at the bank.
May 29, 9:20 AM·1m read1 source
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UBS is cutting hundreds of positions as it continues to combine operations with Credit Suisse. The reductions form part of a multi-year integration process that began after UBS acquired Credit Suisse in 2023.
The bank is also implementing further job reductions connected to its automation programs. These programs target routine tasks across several business units. No specific timeline for the additional cuts was provided in the report. The combined measures affect employees in multiple regions where both legacy Credit Suisse and UBS operations overlap.
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