• 08 Dec 2008 at 9:07 AM

Layoffs Watch ’08: UBS?

By Bess Levin

Picture 304.pngTwo 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.

Comments (38)

  1. 1
    Posted by guest | December 8, 2008 at 9:11 AM

    fürst n39ro3s
    -MoneygripWisdom

  2. 2
    Posted by guest | December 8, 2008 at 9:13 AM

    what groups?

  3. 3
    Posted by guest | December 8, 2008 at 9:15 AM

    @2- they didnt say.

  4. 4
    Posted by guest | December 8, 2008 at 9:16 AM

    CSAs are good as gone…

  5. 5
    Posted by guest | December 8, 2008 at 9:19 AM

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aTY48Ev0sLkE&refer=home

  6. 6
    Posted by guest | December 8, 2008 at 9:21 AM

    Um, current layoffs going well? Depends on your perspective i suppose…

  7. 7
    Posted by financialmarketjim | December 8, 2008 at 9:25 AM

    these guys are definitely not getting laid off…
    http://www.youtube.com/watch?v=m54bAfxgYPw

  8. 8
    Posted by guest | December 8, 2008 at 9:25 AM

    might be in zurich-centric?

  9. 9
    Posted by VOL IS KING | December 8, 2008 at 9:25 AM

    I’ll give them $5 for those giant silver keys.

  10. 10
    Posted by guest | December 8, 2008 at 9:31 AM

    ‘going well’ for who?

  11. 11
    Posted by guest | December 8, 2008 at 9:38 AM

    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.

  12. 12
    Posted by guest | December 8, 2008 at 9:40 AM

    @ 10 – YOU & US

  13. 13
    Posted by guest | December 8, 2008 at 9:43 AM

    11 here. I meant, livid that London HASN”T done layoffs yet.

  14. 14
    Posted by guest | December 8, 2008 at 9:59 AM

    @ 12 – …UBS

  15. 15
    Posted by guest | December 8, 2008 at 10:03 AM

    U (Rfullof) BS

  16. 16
    Posted by VOL IS KING | December 8, 2008 at 10:09 AM

    @11:
    I repeat, are you sure you’re not thinking of Charter One? Otherwise i’m not sure RBS has US operations.

  17. 17
    Posted by guest | December 8, 2008 at 10:12 AM

    @16: hello, there is RBS in NY and Greenwich Capital in CT. are you in the business?

  18. 18
    Posted by VOL IS KING | December 8, 2008 at 10:18 AM

    @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?

  19. 19
    Posted by guest | December 8, 2008 at 10:42 AM

    @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?

  20. 20
    Posted by guest | December 8, 2008 at 10:52 AM

    in equity sales, my CSA just got the heads up…she is packing a box

  21. 21
    Posted by guest | December 8, 2008 at 10:56 AM

    UBS: you or us

  22. 22
    Posted by guest | December 8, 2008 at 11:05 AM

    UBS: U Be Screwed

  23. 23
    Posted by guest | December 8, 2008 at 11:11 AM

    UBS: Unemployed By Sunset

  24. 24
    Posted by guest | December 8, 2008 at 11:26 AM

    UBS: U’ll Be Sweating

  25. 25
    Posted by financialmarketjim | December 8, 2008 at 11:32 AM

    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

  26. 26
    Posted by guest | December 8, 2008 at 11:42 AM

    “Without U, we’re just BS”

  27. 27
    Posted by guest | December 8, 2008 at 12:16 PM

    Actually it is you(U) BS

  28. 28
    Posted by guest | December 8, 2008 at 12:45 PM

    @ 10/12
    I believe it’s…
    “You OR Us”, not “You & Us”
    Seems more accurate.

  29. 29
    Posted by guest | December 8, 2008 at 12:50 PM

    very sharp #28, pls read #21

  30. 30
    Posted by guest | December 8, 2008 at 1:09 PM

    any word on UBS SF? i know the LA office was decimated.

  31. 31
    Posted by guest | December 8, 2008 at 1:17 PM

    what about 1st year associates?!

  32. 32
    Posted by guest | December 8, 2008 at 1:18 PM

    what about 1st year associates?!

  33. 33
    Posted by VOL IS KING | December 8, 2008 at 1:24 PM

    UBS: Ur Bank Sucks

  34. 34
    Posted by guest | December 8, 2008 at 2:25 PM

    Used to Be Smart

  35. 35
    Posted by guest | December 8, 2008 at 3:29 PM

    UHNW is doing fine.

  36. 36
    Posted by guest | December 8, 2008 at 3:30 PM

    UHNW is doing fine.

  37. 37
    Posted by guest | December 8, 2008 at 4:31 PM

    #16… you are just stupid.. GO AWAY
    I have never been happier leaving UBS. Seriously, they house some of the biggest morons out there.

  38. 38
    Posted by guest | December 8, 2008 at 8:40 PM

    @30: just one analyst

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