{"id":1303398,"date":"2025-12-08T08:29:49","date_gmt":"2025-12-08T02:59:49","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1303398"},"modified":"2025-12-08T08:35:14","modified_gmt":"2025-12-08T03:05:14","slug":"163-year-bank-will-fire-10000-employees-by-2027","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/163-year-bank-will-fire-10000-employees-by-2027\/","title":{"rendered":"163 Year Bank Will Fire 10,000 Employees By 2027"},"content":{"rendered":"\n

Swiss banking giant UBS is likely to cut an additional 10,000 jobs by 2027, according to a report by SonntagsBlick cited by Reuters. While the bank has not officially confirmed the exact number, it acknowledged that further workforce reductions<\/a> are planned as part of its long-term integration of Credit Suisse, which UBS acquired in 2023 during Switzerland\u2019s biggest financial rescue.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

If implemented, this would amount to nearly a 9% cut in UBS\u2019s global workforce, which stood at about 110,000 employees at the end of 2024.<\/p>\n\n\n\n

\n\n\n\n

UBS Responds, Stops Short of Confirming the Figure<\/h2>\n\n\n\n

In response to the report, UBS said it would \u201ckeep the number of job cuts in Switzerland and globally as low as possible.\u201d The bank clarified that the reductions would occur gradually and mostly through non-disruptive methods such as natural attrition, early retirement, internal job mobility, and bringing outsourced roles back in-house.<\/p>\n\n\n\n

This signals that while layoffs may not come in sudden waves, thousands of roles could still disappear steadily over the next two years.<\/p>\n\n\n\n

\n\n\n\n

Credit Suisse Merger Continues to Drive Job Losses<\/h2>\n\n\n\n

The latest round of possible cuts is directly linked to the massive restructuring following UBS\u2019s takeover of Credit Suisse in 2023. That rescue deal, engineered to prevent a systemic banking collapse, created overlapping teams across investment banking, wealth management, risk, compliance, and back-office operations.<\/p>\n\n\n\n

Since then, UBS has already eliminated thousands of roles globally to remove redundancies. The potential addition of 10,000 more job losses shows that the cleanup is far from over.<\/p>\n\n\n\n

\n\n\n\n

What This Means for the Global Banking Workforce<\/h2>\n\n\n\n

The planned reductions reflect deeper structural shifts underway in global banking. Major drivers include:<\/p>\n\n\n\n

    \n
  • Integration inefficiencies post-mega mergers<\/li>\n\n\n\n
  • Slower investment banking activity worldwide<\/li>\n\n\n\n
  • Cost pressures in a high-interest-rate environment<\/li>\n\n\n\n
  • Growing automation and digitalisation of operations<\/li>\n<\/ul>\n\n\n\n

    For banking professionals, especially in Europe and global financial hubs, this indicates prolonged uncertainty in employment even among top-tier institutions.<\/p>\n\n\n\n

    \n\n\n\n

    A Delicate Balancing Act for UBS Leadership<\/h2>\n\n\n\n

    UBS now faces a tight balancing act\u2014cutting costs aggressively enough to protect profitability, while avoiding damage to staff morale, brand reputation, and service quality. Investors are watching closely, as execution risks remain high in any merger of this scale.<\/p>\n\n\n\n

    The full impact of the Credit Suisse takeover will likely reshape not just UBS\u2019s workforce, but the Swiss banking landscape for years to come.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Swiss banking giant UBS is likely to cut an additional 10,000 jobs by 2027, according to a report by SonntagsBlick cited by Reuters. While the bank has not officially confirmed the exact number, it acknowledged that further workforce reductions are planned as part of its long-term integration of Credit Suisse, which UBS acquired in 2023 […]<\/p>\n","protected":false},"author":30,"featured_media":1303405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1185],"class_list":["post-1303398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ubs"],"acf":[],"yoast_head":"\n163 Year Bank Will Fire 10,000 Employees By 2027 - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/163-year-bank-will-fire-10000-employees-by-2027\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"163 Year Bank Will Fire 10,000 Employees By 2027 - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Swiss banking giant UBS is likely to cut an additional 10,000 jobs by 2027, according to a report by SonntagsBlick cited by Reuters. 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