Overview
- Swiss newspaper SonntagsBlick reported that UBS could eliminate about 10,000 roles by 2027, without citing a source.
- UBS responded that it would keep job cuts as low as possible and did not confirm the reported total.
- The bank said any reductions would occur over several years and rely largely on natural attrition, early retirements, internal moves and in‑housing of external roles.
- The workforce plan relates to the ongoing integration of Credit Suisse, which UBS acquired in 2023.
- A 10,000 reduction would be roughly 9% of UBS’s global staff, based on about 110,000 employees at the end of 2024.