UBS Mass Layoffs of ~20% of Bank to Hit targets

https://www.swissinfo.ch/eng/various/ubs-new-wave-of-redundancies-in-mi…

Can confirm, have heard it will be brutal

When will timing be? 

Sabine that a company up 50% in the stock market does layoffs. Corporate greed

*Asinine 

Marco when?

Can we volunteer? 

Marco better be RIFd in this upcoming round or my faith in the the firm will be totally lost. Heads of TMT should also be gone for sure.

Not at UBS, but do Tech banking. Pretty sure I have seen UBS Tech on processes as buyside bank. I know they were on the TPG - Conservice deal recently on the buyside for example. I haven't seen them on sell-sides though. It seems like another tier 3 large-cap Tech platform. 

redundancy is a cancer to p&l.
ubs absorbed a massive failing entity. cutting 20% is not cruel, it is just integration.
​lesson for the juniors:
you are an expense line item until you become a revenue generator.
the only way to hedge against this risk is to own the equity.
if you get fired but your stock portfolio goes up 5% on the news, you still win.
​play both sides

Congrats on UBS! 

From an analyst’s perspective, the reported plan for UBS to reduce headcount by roughly 20% should be understood less as a sign of stress and more as the inevitable follow-through of its post-merger strategy. The group set a medium-term target of around 85,000 employees after absorbing Credit Suisse, yet public disclosures suggest it is still operating closer to 105,000, making a material reduction unavoidable if cost synergies are to be credibly delivered. This move also fits squarely with current industry dynamics: capital markets activity remains structurally softer than in the pre-2022 cycle, banks are under pressure to improve ROE and reduce RWA intensity, and advances in automation and AI have lowered the execution risk of running leaner platforms. In that context, the scale of the layoffs is notable, but not surprising. For markets, the more important question is not the headline percentage, but whether the cuts are concentrated in overlapping and non-core functions rather than revenue-critical franchises. If executed with discipline, the reductions are more likely to be read as balance-sheet and cost-base normalization than as a deterioration in UBS’s underlying business outlook.

How would the O'Connor sale play into this? Does any headcount reduction from that get counted?

Is all of this also applicable to the TMT team in Europe? Talking about Christian's realm. They seem to have done relatively well from an outside perspective.

After having worked at a few other IBs, you quickly come to realize that UBS is at best a 2nd rate organization, and is generally below average competence in all aspects of banking.

Their books are mediocre at best, ideas are boilerplate, juniors and seniors alike mid to below mid. Win rate for deals is very low, and most deals they do win are low quality and unlikely to close

bro i just applied for SA27