Swiss bank UBS has begun a wave of job cuts in its home market Switzerland, with hundreds of employees receiving notice in recent weeks, according to people familiar with the matter. + Get the most important news from Switzerland in your inbox The current round impacts both higher management levels and lower ranks, the people said, who asked not to be named discussing private details. Employees can enter a programme that allows up to a year to find a new role within the bank, the people said. UBS is pushing on with headcount reduction as it integrates its former rival Credit Suisse, which it bought in an emergency rescue in 2023. UBS has previously said there would ultimately be around 3,000 redundancies in Switzerland. + Why a monster UBS bank scares Switzerland The job cuts are happening at a time when UBS is working to erase most traces of Credit Suisse from public view in Switzerland. The bank has recently replaced the former rival’s logo from its headquarters in Zurich, and it ...
