Taking a hit of $1bn, works out at just under 100k per person culled as payoff, anyone can provide any insight on what level this is likely to be at?

not sure how this compares to the UBS one, in terms of employee size/division/cost saving/revenue/profit etc. etc.

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Comments (5)


Most cuts coming from consumer banking they said


As per the article it's mostly b/o and retail.


100k/head sounds pretty steep for retail and b/o roles though, no?

In reply to TNA

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