Business
UBS to Cut Up to 30% of Headcount
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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@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.
@heaven4Now26
December 29, 2023 at 4:52 am
Yes😮😅
@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.
@janosik150
December 29, 2023 at 4:52 am
Yeah…because they don't need more employees at all actually
@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?
@jul-xo5nk
December 29, 2023 at 4:52 am
Joe Biden and Socialist Democrats did such, a greater job 🙄🙃🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Oil Oil Oil 🛢 cuts.
@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….
@bada6830
December 29, 2023 at 4:52 am
bugger
@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.
@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.
@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
@AnthonyDoesYouTube
December 29, 2023 at 4:52 am
This man has pain in his eyes
@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.
@australianpatriot
December 29, 2023 at 4:52 am
great time to graduate 😐
@Snake_Turley
December 29, 2023 at 4:52 am
Stutter mich? Who lies in 6k