Market Chatter: UBS Set to Begin Layoffs Through Early 2027

MT Newswires Live01-13

UBS (UBS) is preparing to enact a new round of layoffs after it decommissions some of the computer systems it now owns as part of its acquisition of Credit Suisse, Bloomberg reported Tuesday, citing an interview with Chief Executive Sergio Ermotti.

Ermotti said that fewer than 3,000 jobs will be cut in Switzerland, which will begin between now and early 2027, Bloomberg reported.

When UBS acquired Credit Suisse, the total number of its employees surged to just under 120,000 from 74,000, and has been reduced by approximately 15,000 since Q3 2025, Bloomberg reported.

UBS declined 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.)

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