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UBS A.G. (NYSE: UBS) has made it official. It will cut 10,000 jobs, primarily in its fixed-income operations. The financial firm said the move will save it $3.6 billion over the next three years.
GENEVA -- Swiss banking giant UBS AG is to cut as many as 10,000 employees, or some 15 percent of its staff, to drastically shrink its ailing investment bank. The news of the layoffs came as ...
UBS (NYS: UBS) will reduce its headcount of 64,000 by 16%, the company announced today, bringing its global workforce to 54,000 by 2015. The Zurich-based bank said the job cuts will come about as ...
On 30 October 2012, UBS announced that it was cutting 10,000 jobs worldwide in an effort to slim down its investment banking operations, of which 2,500 would be in Switzerland, followed by the United States and Great Britain. This 15-percent staff cut would make overall staff count come down from 63,745 to 54,000.
This week, UBS (NYS: UBS) announced a plan to cut 10,000 jobs by 2015 on top of its third-quarter announcement of a net loss of $2.4 billion. Ouch. The bank is trying to shed an unprofitable fixed ...
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Updated throughout the day on the 24/7 Wall St. Wire: UBS A.G. (NYSE: UBS) will fire 10,000 workers. (various) Las Vegas Sands Corp. (NYSE: LVS) and the Justice Department may settle money ...
UBS cuts jobs in the Asia-Pacific region, in order to reduce costs and restructure businesses.