In “No Other Choice,” Man-soo, a manager at a large paper company in South Korea, is not only happy with his work but also with his wonderful family, peppy sex life and pair of adorable golden retrievers. So when he duly exclaims “I've got it all
UBS may cut further 10,000 jobs by 2027: Report
Swiss bank UBS might reduce its workforce by another 10,000 employees by 2027. This move follows its acquisition of Credit Suisse. UBS stated job cuts will be spread over several years. Reductions will primarily occur through natural attrition and early retirements. Internal mobility and bringing external roles in-house will also contribute.
UBS may cut an additional 10,000 jobs by 2027, Swiss paper SonntagsBlick reported on Sunday, without citing where it obtained the information.
Responding to the report, UBS did not confirm this number, but said it would "keep the number of jobs cuts in Switzerland and globally as low as possible".
"The role reductions will take place over the course of several years and will be mostly achieved through natural attrition, early retirement, internal mobility and inhousing of external roles," UBS said.
UBS has been cutting jobs as a result of the integration of former rival Credit Suisse, which it bought in 2023.
A reduction of 10,000 jobs would equate to a 9% cut in total jobs for the Swiss bank, which had around 110,000 employees at the end of 2024.
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Source: EconomicTimes
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In “No Other Choice,” Man-soo, a manager at a large paper company in South Korea, is not only happy with his work but also with his wonderful family, peppy sex life and pair of adorable golden retrievers. So when he duly exclaims “I've got it all
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