Two unnamed Swiss sources claimed over the weekend that UBS may cut up to 4,500 additional jobs. According to the bank, it does not comment on "speculations regarding further headcount reductions," and that the previously announced 9,000 cuts, mostly in investment banking, are going well.
Layoffs Watch '08: UBS?
Posted by Bess Levin, Dec 08, 2008, 9:07am
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Posted by guest , Dec 08, 2008 9:11AM
fürst n39ro3s
-MoneygripWisdom
Posted by guest , Dec 08, 2008 9:13AM
what groups?
Posted by guest , Dec 08, 2008 9:15AM
@2- they didnt say.
Posted by guest , Dec 08, 2008 9:16AM
CSAs are good as gone...
Posted by guest , Dec 08, 2008 9:19AM
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTY48Ev0sLkE&refer=home
Posted by guest , Dec 08, 2008 9:21AM
Um, current layoffs going well? Depends on your perspective i suppose...
Posted by financialmarketjim , Dec 08, 2008 9:25AM
these guys are definitely not getting laid off...
http://www.youtube.com/watch?v=m54bAfxgYPw
Posted by guest , Dec 08, 2008 9:25AM
might be in zurich-centric?
Posted by VOL IS KING , Dec 08, 2008 9:25AM
I'll give them $5 for those giant silver keys.
Posted by guest , Dec 08, 2008 9:31AM
'going well' for who?
Posted by guest , Dec 08, 2008 9:38AM
Heard over the weekend that the RBS and Greenwich Capital people are LIVID that the London RBS office has done layoffs yet and that the U.S. has taken the brunt. I haven't seen RBS London layoffs, but supposedly (according to a lawyer in the NY RBS office) London, who was going to wait, realizes they need to start their layoffs sooner rather than later. Stay tuned.
Posted by guest , Dec 08, 2008 9:40AM
@ 10 - YOU & US
Posted by guest , Dec 08, 2008 9:43AM
11 here. I meant, livid that London HASN"T done layoffs yet.
Posted by guest , Dec 08, 2008 9:59AM
@ 12 - ...UBS
Posted by guest , Dec 08, 2008 10:03AM
U (Rfullof) BS
Posted by VOL IS KING , Dec 08, 2008 10:09AM
@11:
I repeat, are you sure you're not thinking of Charter One? Otherwise i'm not sure RBS has US operations.
Posted by guest , Dec 08, 2008 10:12AM
@16: hello, there is RBS in NY and Greenwich Capital in CT. are you in the business?
Posted by VOL IS KING , Dec 08, 2008 10:18AM
@17:
oh yeah now I remember now, their offices are right next door to Jefferies and around the corner from Raymond James in CIBC plaza right? .... The question is are they in the business?
Posted by guest , Dec 08, 2008 10:42AM
@6 just what I was thinking! what does "going well" mean? sobbing kept down to a reasonable level? supply of packing boxes holding out well?
Posted by guest , Dec 08, 2008 10:52AM
in equity sales, my CSA just got the heads up...she is packing a box
Posted by guest , Dec 08, 2008 10:56AM
UBS: you or us
Posted by guest , Dec 08, 2008 11:05AM
UBS: U Be Screwed
Posted by guest , Dec 08, 2008 11:11AM
UBS: Unemployed By Sunset
Posted by guest , Dec 08, 2008 11:26AM
UBS: U'll Be Sweating
Posted by financialmarketjim , Dec 08, 2008 11:32AM
the main guy in this video was laid off from UBS and they filmed it on his last day at the headquarters
http://www.youtube.com/watch?v=m54bAfxgYPw
Posted by guest , Dec 08, 2008 11:42AM
"Without U, we're just BS"
Posted by guest , Dec 08, 2008 12:16PM
Actually it is you(U) BS
Posted by guest , Dec 08, 2008 12:45PM
@ 10/12
I believe it's...
"You OR Us", not "You & Us"
Seems more accurate.
Posted by guest , Dec 08, 2008 12:50PM
very sharp #28, pls read #21
Posted by guest , Dec 08, 2008 1:09PM
any word on UBS SF? i know the LA office was decimated.
Posted by guest , Dec 08, 2008 1:17PM
what about 1st year associates?!
Posted by guest , Dec 08, 2008 1:18PM
what about 1st year associates?!
Posted by VOL IS KING , Dec 08, 2008 1:24PM
UBS: Ur Bank Sucks
Posted by guest , Dec 08, 2008 2:25PM
Used to Be Smart
Posted by guest , Dec 08, 2008 3:29PM
UHNW is doing fine.
Posted by guest , Dec 08, 2008 3:30PM
UHNW is doing fine.
Posted by guest , Dec 08, 2008 4:31PM
#16... you are just stupid.. GO AWAY
I have never been happier leaving UBS. Seriously, they house some of the biggest morons out there.
Posted by guest , Dec 08, 2008 8:40PM
@30: just one analyst