Bloomberg Reporter Looking Into UBS
Hi guys, my name is Victor Swezey and I'm a reporter at Bloomberg News. I cover workplace issues like layoffs, working conditions, labor unions, etc. Lately, I've been interested in UBS, so naturally I've been spending a lot of time on here. I just put out this scoop on the bank's RTO policies: "UBS Americas Brings Junior Bankers Back to Office 5 Days a Week"
I'd love to hear more about what's going at UBS, and I'm happy to talk on background/anonymously. If you want to chat, feel free to reach out at vswezey at blooomberg dot net or on Signal at victor2001.82
oh boy!
UBS massively underperforming good that it’s finally getting the media attention
Based on the most helpful WSO content, UBS has been a topic of interest regarding its workplace policies, growth trajectory, and recent developments. Discussions highlight UBS's efforts to grow its Investment Banking (IB) division, despite its primary revenue stream being Wealth Management (WM). There are mixed opinions on whether UBS is a great place to work, with some noting its potential for long-term career growth and others expressing concerns about layoffs and restructuring, especially following its merger with Credit Suisse.
Additionally, UBS's return-to-office (RTO) policies, such as requiring junior bankers to work in the office five days a week, have sparked conversations about workplace conditions. Layoffs and job cuts, including reports of up to 36,000 positions being affected in the newly combined firm, have also been a significant focus.
For further insights or to connect with individuals discussing UBS, you might consider exploring active threads on Wall Street Oasis or reaching out to contributors who have shared their experiences.
Sources: How is UBS in 2021?, Is UBS beginning to be a great place to work again?, UBS to Cut Up to 36,000 jobs from Newly Combined Firm, Navigating the Choppy Seas | The Daily Peel | 6/13/2023
Would recommend talking to the people who quit recently, can also find out by checking FINRA registrations fairly soon after they quit. Also would talk to the second years around mid-July who are leaving post-bonus. I am not sure many at the firm would publicly talk while still there and without anything lined-up.
You’re doing God’s work
Victor you need to be the voice for the voiceless juniors who are suffering there
Their M&A grouphead bought a crazy $5m New Rochelle waterfront villa, reflective of the crazy pay package he must be getting
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