Switzerland’s largest bank, UBS, is laying off 3,500 employees globally in a cost-cutting exercise that it hopes will result in CHF2 billion (US$2.5 billion) is savings. The cuts represent 5% of UBS’ global workforce and include 1050 members of its global wealth management team. While the bank did not disclose how the cuts would affect specific geographies, including its wealth…
UBS cuts 3,500 jobs including 1,050 in wealth management
Have a confidential tip? Get in touch [email protected]






