UBS May Cut 10,000 Jobs By 2027 During Credit Suisse Merger: Report | Business News
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UBS may cut 10,000 jobs by 2027 amid Credit Suisse integration, SonntagsBlick reports. UBS aims to minimize layoffs, using attrition, retirement, and internal mobility.
UBS To Cut 10,000 Jobs By 2027
UBS may cut an additional 10,000 jobs by 2027, Swiss paper SonntagsBlick reported on Sunday, without citing where it obtained the information.
Responding to the report, UBS did not confirm this number, but said it would “keep the number of jobs cuts in Switzerland and globally as low as possible”.
“The role reductions will take place over the course of several years and will be mostly achieved through natural attrition, early retirement, internal mobility and inhousing of external roles,” UBS said.
UBS has been cutting jobs as a result of the integration of former rival Credit Suisse, which it bought in 2023.
A reduction of 10,000 jobs would equate to a 9% cut in total jobs for the Swiss bank, which had around 110,000 employees at the end of 2024.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)
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First Published:
December 07, 2025, 15:46 IST
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