Market Chatter: UBS Planning Job Cuts in 2026

MT Newswires Live12-19

UBS Group (UBS) is planning a round of workforce reduction in mid-January and another later in 2026 as it enters the final year of its integration of Credit Suisse, Bloomberg reported Thursday, citing people familiar with the matter.

The second wave of job cuts will take place after the completion of a major IT migration of Credit Suisse clients around mid-2026, and some IT and operations staff may be retained to ensure a smooth transition, the sources reportedly said.

A UBS spokesperson told Bloomberg that many of the staff reductions will take place over the next several years, and the bank will try to reassign the employees whose roles are cut, according to the report.

UBS did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 46.14, Change: +1.30, Percent Change: +2.89

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