UBS focuses on cutting costs, axes 500 IT jobs

24 June 2011 | 1 minute read

The world’s second largest private wealth manager, UBS, has gone into cost-cutting mode globally and recently confirmed it would be letting go of 500 IT professionals as part of this drive. The Zurich-based banking behemoth said 200 technical jobs would be cut in Switzerland and another 300 would be cut in offices around the globe. In-house technical support services in…

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