UBS May Cut 10,000 Jobs by 2027 Amid Credit Suisse Merger: Report

• UBS may cut 10,000 jobs by 2027, according to a report by Swiss paper SonntagsBlick.
• The potential job cuts are a result of the integration of former rival Credit Suisse, acquired in 2023.
• UBS did not confirm the 10,000 figure but stated it aims to keep job reductions "as low as possible."
• Reductions will occur over several years, mainly through natural attrition, early retirement, and internal mobility.
• A 10,000 job cut would represent a 9% reduction of UBS's approximately 110,000 employees.

Why It Matters: Thousands of jobs at UBS are at risk due to the Credit Suisse merger.