Archive · 7 Dec 2025
UBS May Cut 10,000 Jobs by 2027
UBS, a big bank, might cut 10,000 jobs by 2027.
This is because they bought another bank, Credit Suisse, and want to save money.
They have already cut about 15,000 jobs since 2023.
Most of the new job cuts will happen slowly over several years.
UBS says they will try to keep the number of job cuts as low as possible.
They expect around 3,000 job cuts in Switzerland.
The rest will be spread out in other countries.
UBS is one of the largest banks in the world, and this is a big change for them.
UBS may cut 10,000 jobs by 2027 as part of its integration with Credit Suisse.
The job cuts will affect employees in Switzerland and abroad.
UBS aims to keep job cuts as low as possible, with around 3,000 redundancies expected in Switzerland.
The bank has already cut approximately 15,000 jobs since the summer of 2023.
Job cuts will be achieved through natural attrition, early retirement, internal mobility, and in-housing of external roles.
- Who
- UBS
- What
- Potential job cuts of 10,000 employees by 2027
- When
- By 2027, with larger waves expected in the next 4-5 quarters
- Where
- Switzerland and abroad
- Why
- As a cost-cutting measure following the integration of Credit Suisse
- Company
- UBS
- Potential Job Cuts
- 10,000
- Timeframe
- By 2027
- Current Workforce
- 110,000 employees (end of 2024)
- Redundancies in Switzerland
- 3,000
- Previous Job Cuts
- 15,000 (from summer 2023 to September 2025)
- Quarterly Job Cuts
- 1,250 positions
- Upcoming Job Cuts
- Up to 2,000 in the next 4-5 quarters
