Reuters Reported UBS Could Cut ~30% Of Its Combined Workforce Of 120,000 With Credit Suisse
Portfolio Pulse from Charles Gross
UBS is reportedly considering cutting approximately 30% of its combined workforce of 120,000 with Credit Suisse, according to Reuters.
June 28, 2023 | 11:32 am
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NEGATIVE IMPACT
Credit Suisse could also be impacted by the workforce reduction at UBS, as it is part of their combined workforce.
As part of the combined workforce with UBS, Credit Suisse could also face operational disruptions and potential reputational damage due to the job cuts, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
UBS is considering a significant workforce reduction, which could impact its operational efficiency and financial performance in the short term.
Workforce reductions can lead to short-term operational disruptions and potential reputational damage, which could negatively impact UBS's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100