• 13 May 2008 at 9:02 AM
  • Layoffs

Layoff Watch 08: Round Two Of UBS Cuts

By John Carney

Another round of layoffs at UBS is underway today, according to a person familiar with the situation. The asset management and wealth management units are said to be on the chopping block. Investment banking is also expecting cuts.
Oddly enough, the municipal bond unit, which is reportedly set to be shuttered by UBS, has been asked to “hold on” as the bank attempts to see if there are any buyers for the business, according to our source.
UBS could not immediately be reached for comment on the job cuts.

Comments (4)

  1. 1
    Posted by guest | May 13, 2008 at 9:27 AM

    Wealth Mgmt job loss in the US is expected to be very low – Jaime Dimon would think the %s were normal attrition #s.

  2. 2
    Posted by guest | May 13, 2008 at 9:34 AM

    Es ist Zeit für Rache

  3. 3
    Posted by guest | May 13, 2008 at 10:04 AM

    Three words: North Da Kota
    Karl Lingervardergun
    Dir, North Dakota Center for Flatlanders
    Gackle, ND

  4. 4
    Posted by guest | May 14, 2008 at 7:40 PM

    Danke and Zeig Heil Herr Trump. You’ll get your revenge, Never.

Leave a comment

You can log in with your account or comment as a guest below.

   or