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UBS to Cut Up to 30% of Headcount

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UBS is reportedly set to cut as much as 30% of its headcount after completing its takeover of Credit Suisse. The cuts will impact about 30,000 employees at both its headquarters in Switzerland as well as across its global network. Russell Ward reports on Bloomberg Television.
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15 Comments

15 Comments

  1. @pjab1133

    December 29, 2023 at 4:52 am

    People let me tell you something. Peter V. Kunz warns from a lot of things, while the politicians in the past (and also in the future/ were / will be supporting the ways in the banks without any criticism. These people are in the same boat with the bankers. The UBS regards itself, having a new old CEO (with an Investement-Banking background) as not too big to fail but to small to succeed. So UBS has changed the denomination of her shares from CHF to US Dollars and in addition take some kind of currency-risk on top of everything else. There will be only one way and it will lead to the exact same outrageous investment banking that made Credit Suisse fail. The gambling will go on unhindered. Whatever every politician and everyone says.. The real power is with the majority of the stakeholders, big ones with a lot of power in voting. Nothing will change at all and the big casino will keep on spinning until in some years this new monster-bank will have to be saved once again by the taxpayers- money. These people only have one motiviation and this is called GREED. Nothing else just greed. The best chance to avoid future damage will be if the two banking sectors will be forced to separate by law but chances are small I would assume as of up-mentioned reasons. It's a shame that they will be allowed to gamble on while the benefit goes to already well filled pockets and the failure will have to be paid by the tax-payer. NOTHING will change at all. We will see for sure. 5 years 10 years 15 years or sooner the big crash will come because of people with no sense of responsibility and no sense of sustainability. Have no Illusions.. money rules the world, all else is just blabla.

  2. @heaven4Now26

    December 29, 2023 at 4:52 am

    Yes😮😅

  3. @commonsense504

    December 29, 2023 at 4:52 am

    When you're inevitably going to fail soon, you don't need that many employees to help you get to the finish line.

  4. @janosik150

    December 29, 2023 at 4:52 am

    Yeah…because they don't need more employees at all actually

  5. @b.n180

    December 29, 2023 at 4:52 am

    Job cuts, automation with artificial intelligence, how would the common people make money to pay taxes?

  6. @jul-xo5nk

    December 29, 2023 at 4:52 am

    Joe Biden and Socialist Democrats did such, a greater job 🙄🙃🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Oil Oil Oil 🛢 cuts.

  7. @Stas1Stas-xh4fd

    December 29, 2023 at 4:52 am

    in the end, it is quite likely that the UBs will give up on this deall and that it was only a temporary reason for internal help for reasons as logical as possible, namely that those at the top are beginning to realize that it is even more risky to save an even bigger bank in case of another possible crisis….

  8. @bada6830

    December 29, 2023 at 4:52 am

    bugger

  9. @tonydebruyne257

    December 29, 2023 at 4:52 am

    UBS swallowed a rotten stinking fish and it's employees are paying the price for the toxic meal.

  10. @dankhank11

    December 29, 2023 at 4:52 am

    Two out of three people in this clip mumble so bad they can't be understood, and it makes no sense why they're on television.

  11. @twisted4872

    December 29, 2023 at 4:52 am

    Soooo …. You lost Bakhmut….. Maintaining a dignified silence I presume. Well I guess when McDonalds shuts down you know shits headed south

  12. @AnthonyDoesYouTube

    December 29, 2023 at 4:52 am

    This man has pain in his eyes

  13. @dsamh

    December 29, 2023 at 4:52 am

    Oh look, you worked for that the old nazi bank that has been helping international criminals for decades.? Right.

  14. @australianpatriot

    December 29, 2023 at 4:52 am

    great time to graduate 😐

  15. @Snake_Turley

    December 29, 2023 at 4:52 am

    Stutter mich? Who lies in 6k

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Seattle Faces Housing Slowdown as AI Reshapes Employment

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Seattle is confronting a real estate slowdown as AI reshapes employment and the wealthy face new levies. Anna Edgerton explains.
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Subprime Auto Loans Make Wall Street Rich as Borrowers Struggle

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Data show lenders used different tactics, extending terms or repossessing cars quickly, to keep their investors happy. Neither approach is great for customers. Paige Smith and Ann Choi report.
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The Mormon Church Is Putting Its Real Estate Empire to Work

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After decades of quietly amassing billions of dollars in land, the institution is investing in more deals and planning massive projects that stand to reshape communities. Bloomberg’s Natalie Wong, Ann Choi and Katie Meyer explain.
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Apple Unveils $299 HomeView Hub in New Smart Home Push

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Apple unveiled a new device called the HomeView, a $299 display that serves as the centerpiece of its push into the smart home market. The product will be available Nov. 13. Ryan Vlastelica reports on Bloomberg Television.
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Schwab CEO on AI Strategy, Investing Trends, and ‘Charley’ (correct)

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Rick Wurster, president and CEO at The Charles Schwab Corporation, discusses customer trends in investing, efforts to attract younger investors, and why the firm is blocking unauthorized AI agents. He speaks on Bloomberg Television.
(Corrects spelling of “Charley” in video headline)
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