UBS Job Layoffs Expected In Second Half Of Year

RunWithRugs · 2026-03-08T09:45:33+00:00

UBS plans significant job cuts, primarily in Switzerland, starting in mid-2026. CEO Sergio Ermotti cited the integration of Credit Suisse as the reason, expecting reductions from 115,000 to about 80,000 employees, with approximately 3,000 layoffs in Switzerland.

RunWithRugs

2026-03-08 09:45:33

Abstract generation in progress

(MENAFN- Swissinfo) The next wave of job cuts at Swiss bank UBS will start in the coming months, with the bulk of the redundancies in Switzerland taking place in the second half of the year and in early 2027. Select your language

Generated with artificial intelligence. Listening: UBS job layoffs expected in second half of year This content was published on February 4, 2026 - 16:42 2 minutes Keystone-SDA

Italiano it UBS: licenziamenti soprattutto nella seconda parte dell’anno Original Read more: UBS: licenziamenti soprattutto nella seconda parte dell

** +Get the most important news from Switzerland in your inbox

This was indicated today by CEO Sergio Ermotti as the bank announced its 2025 annual results. Job cuts are related to the integration of Credit Suisse, which UBS acquired in 2023.

** + How a Swiss compromise could save UBS billions**

redundancies are a painful process, which the bank is implementing as gently as possible, Ermotti said. Furthermore, where possible the company will try to retrain employees and hire them for vacant positions.

The bank gave no indication of the number of employees expected at the end of the integration. According to recent media reports, staff numbers are expected to be reduced from an initial figure of around 115,000 to around 80,000.

At the end of December 2025, the company had 103,200 full-time positions, which is 1,250 fewer than at the end of September.

In Switzerland, the bank still expects around 3,000 redundancies as part of the integration. This will mainly occur when the old IT systems are decommissioned after the migration.

In the meantime, around 85% of the 1.1 million registered accounts in Switzerland have been transferred to UBS platforms. The migration should be completed by the end of the first quarter of 2026.

More More UBS plans January job cuts: media report

This content was published on Dec 18, 2025 UBS prepares for wave of layoffs in mid-January, Bloomberg claims.

Read more: UBS plans January job cuts: media r **

MENAFN04022026000210011054ID1110696307

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes