A logo above the entrance to the UBS Group AG headquarters in Zurich, Switzerland, on Monday, March 18, 2024. The Swiss National Bank will announce interest rates on March 21. Photographer: Pascal Mora/Bloomberg via Getty Images

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UBS plans five waves of layoffs from June to November

Investment Banking Editor

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UBS will roll out five waves of job cuts starting in June as it pushes through its takeover of Credit Suisse, which is expected to lead to thousands of layoffs.

The Swiss bank will start cutting roles in phases as it looks to strip out around $6bn in employee costs through its integration with Credit Suisse, according to Swiss newspaper 

The Swiss bank plans deep job cuts as it integrates Credit Suisse

Paul Clarke

Banking

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Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

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