UBS Plans Massive Layoffs, Cutting Over Half of Credit Suisse's Employees

Benzinga 2023-06-29

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UBS Group AG to Cut Over Half of Credit Suisse Group AG's Workforce:
UBS to save $6 billion in staff costs, reducing combined headcount by 30%. Most private bankers to be retained, but many have left. Fate of Swiss domestic business to be decided in Q3.

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