Workflow
UBS Group to Miss Workforce Reduction Goal Post CS Takeover
瑞银瑞银(US:UBS) ZACKS·2025-08-18 23:55

Key Takeaways UBS has shed nearly 14,000 jobs since acquiring Credit Suisse, but cuts have slowed since 2024.Lower staff attrition and ongoing Credit Suisse client migrations hinder deeper reductions.UBS has achieved 9.1Bincostsavings,709.1B in cost savings, 70% of its 13B target, aided by non-core portfolio cuts.UBS Group AG (UBS) is falling behind the plan to reduce its workforce to 85,000 by the end of the Credit Suisse (“CS”) integration in 2026, according to a Financial Times report.Per the FT report, UBS has been cutti ...