UBS 2025 Layoffs
Anyone hear if or when they are coming? Believe they always do it after bonus season and are rumored to be severe…
Anyone hear if or when they are coming? Believe they always do it after bonus season and are rumored to be severe…
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Based on the most helpful WSO content, there isn't any specific mention of UBS layoffs in 2025 within the knowledge base. However, historically, UBS layoffs have been tied to restructuring efforts, such as the integration with Credit Suisse in 2023, where significant cuts were made, particularly targeting underperformers and overlapping roles. Layoffs often occur post-bonus season, as firms aim to manage costs while retaining top talent.
If you're concerned about potential layoffs, it might be worth keeping an eye on industry trends and UBS's financial performance announcements.
Sources: UBS layoffs, UBS to Cut Up to 36,000 jobs from Newly Combined Firm, Future of Wall Street, https://www.wallstreetoasis.com/forum/investment-banking/bonus-season-comps?customgpt=1, How bad are things going to get?
I heard third week of March
So St. Pattys day? Sounds fucked
Checks out, the lucky ones get fired and avoid working at the worse wannabe BB on the street
Heard late-March from around grapevine. Not 100% sure, but it would make sense as it'd might be the time around when the guartneed comp for some of the low-performing MD's might end if they are on only a single year of guartneed comp. If those MDs are fired, would expect cascading effects throughout the bank across all levels with obviously more firings in groups with more MDs being gone and less to none at some other groups. For example, would expect more tech firing than in Industrials or LevFin. Also not a coincidence that the worst performing groups are dominated by Barclays ones whilst the best performing ones are led and dominated by ex-CS or ex-UBS people... what could that possibly imply I wonder?
HR has already contacted a couple folks initially and ask them to “resign” and paid out severance. Bigger wave of cut is expected to come, maybe talk to some friendly face at HR to find out if you are on the list.
Source: Very reliable friend.
Sounds like they are trying to get around Warn notice with forced resignations. Sounds shady
Any ideas what levels will be getting cut ? Saw a WSJ article about Goldman focusing mostly on VPs for their layoffs.
All levels, low producing MDs likely let go
Great to hear. That would mean all the Tech MDs and half the HC MDs that are dragging down the franchise
Heard similar things of low-performing MDs being the ones to go and cuts at other levels depending on how many fewer MDs there are. Would be looking for a job ASAP if in M&T or Tech, for example, not as much if in LevFin.
Be skeptical as MDs getting let go will mean juniors next
Good, most of these MDs are ass
Esse minus ullam error iusto laboriosam quae eveniet. Maxime non corrupti ex maiores. Atque unde aperiam minus.
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