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Banking & Finance · Switzerland

UBS layoffs

We've tracked one UBS layoff, in Aug 2023, affecting 3,000 people. None of these cuts were publicly blamed on AI. Headcounts are what was reported at the time, and some may have changed since.

People affected

3K

Across tracked announcements

Announcements

1

Aug 2023 → Aug 2023

AI-attributed

0%

Of affected people

Every tracked announcement

  1. −3,000

    UBS chief Sergio Ermotti said around 3,000 jobs in Switzerland would be made redundant as the bank absorbs Credit Suisse.

    About the figure: Figure covers forced redundancies in Switzerland only; the total headcount reduction from the merger is larger.

    Source: Gulf News

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Part of the WorkforceSignal company directory, every event curated from public reporting with conservative AI attribution. See methodology.