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After the elimination of almost 5,000 jobs, UBS announced on 23 August 2011 that it was further cutting another 3,500 positions to "improve operating efficiency" and save CHF 1.5 to CHF 2 billion a year. 45 percent of the job cuts would come from the investment banking unit, which continued to post dismal figures since the 2008 financial crisis ...
The best and worst U.S. states for finding a good job in 2024. Ample job opportunities, low unemployment and reasonable commute times make this the top U.S. state for job seekers, analysis finds.
Swiss bank UBS is laying off 51 employees at its Weehawken office. Five other financial institutions announced New Jersey layoffs so far in 2024 UBS latest bank to announce NJ job cuts as finance ...
UBS cuts jobs in the Asia-Pacific region, in order to reduce costs and restructure businesses.
UBS also entered the life insurance business in 1993 establishing UBS Life. UBS formed a joint venture with Swiss Life in 1995, known as UBS Swiss Life. UBS took a 25% ownership position in Swiss Life in exchange for a 50% share in the joint venture. [5] UBS entered the 1990s clearly the largest and most conservative of the three large Swiss Banks.
According to Tages-Anzeiger, the job cuts are expected to affect 20–30 percent of the combined workforce, or up to 30,000 jobs. [75] In August 2023, UBS declared that job losses in Switzerland would be 3,000 moving forward (UBS reported that 8,000 employees at CS have already left since 2023). [76] [77]