News

Layoffs Watch ’11: UBS

Cuts are apparently going down at the Swiss bank.

Layoffs in UBS’s WMA (Wealth Management Americas) group are said to be occurring circa now. That’s all we know at this time.

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21 Responses to “Layoffs Watch ’11: UBS”

  1. Guest says:

    Bess, you forgot a “UBS Sucks” tag. Other than that, I have no concerns.

  2. Joaquin says:

    This is terrible news.

    -Stamford Honda & Kia Salesperson #6. 

  3. Fho shizzle says:

    Primerica is hiring. Amazing office space, right next to the Saigon Flower nail salon across the street from the power brokers of Ed Jones

  4. Trampy Trader says:

    …..and it begins…..

  5. guest says:

    “UBS Sucks” aside, this is too bad. Some hard working, good people work there and I wouldn’t wish this on anyone.

    Is this CT or NY staff?

    Best of luck

    • Guest says:

      They’re called Janitors, sir, and they’ll be the only ones keeping their job for the next tenants.

  6. Anonymous says:

    Are they actually laying people off or is this just a cover for the tidal wave of defections going down?

  7. Brooklyn Bully says:

    What are the indian girls that went to NYU going to do? Belly dance in strip clubs?

  8. Brooklyn Bully says:

    I forgot New York is dead all banking and trading will be done out of London!

    • Guest says:

      There’s some truth to this. I know of a few BB banks that are buying up small trade shops in London and sending operations over there. As far as M&A, I haven’t heard/seen any work being transferred over there. DB has a larger presence in London than in NYC I think, that’s about it. 

  9. Anonymous says:

    UBS Wealth Management Americas = PaineWebber?

    • Mark says:

      Yes it is Paine Webber and they did have layoffs today as part of their cost savings initiative – moving IT jobs off shore to India. The reference to people not wanting to work for them is for brokers that live of commission, and it’s true, their reputation is in the dumpster because of helping Americans evade taxes, huge losses from the sub-prime mortgage fiasco (50B), and now, off-shoring thousands of American jobs.

  10. U. N. Owen says:

    This is news? Layoffs are periodic, regular events in Weehaken. How many has it been since 07 ten rounds? What are you going to break next Bess? Tomorrow’s sunrise?

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