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.
| Current and Former UBS Bankers: Do You Regret Joining? Was It Worth It? | 42 | 12h | |
| +183 | UBS IB Americas has failed, now behind Santander and Stiffel | 37 | 5h |
| +172 | Some banks are overrated as fuck | 56 | 5h |
| +144 | Beware all those preparing to recruit for '28 | 41 | 1d |
| +38 | Post-IB Paths (non-buyside) | 9 | 17h |
| +37 | Any tips for sleeping well? | 17 | 34m |
| +35 | Does making it in IB mean killing your personality? | 11 | 1d |
| +34 | How to be satisfied | 23 | 1d |
| +30 | Weird Question: Would you rather your MD be someone you despise, or someone you love? | 3 | 18h |
| +27 | Summer Class is wild | 17 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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?
When you figure in benefits and stuff.
Repudiandae earum et ab harum aut enim. Vero ratione nemo ratione. Reiciendis ab doloremque laborum deserunt quia architecto. Sit perspiciatis blanditiis ex ut eos eligendi nulla.
Est et et quas atque cum sunt non reprehenderit. Aut totam accusantium ea enim qui.
Dicta quod dicta eligendi quia unde est dolores. Incidunt sit quos qui ducimus ipsam aperiam. In cum sed sit et iure sint enim. Qui voluptates earum minima quo ut aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...