Bonus/Layoffs Watch ’13: UBS

Both are expected to go down shortly.

Layoffs are expected to hit IBD in the next week, with bonuses communicated in early March. Looking like 40% of the remaining folks are getting zero or close to it, with the rest getting “market,” whatever that means with the crap they are giving out for paper. Payday will be in very late March to hold folks in their seats. The morale is nonexistent. Cannot describe how bad it is and how no work is being done, other than one’s resume.

Related: UBS Is Doing Things A Little Differently Around Here; UBS Employees Will Get Their Bonus Numbers When Management Feels Like Giving Them Their Bonus Numbers

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21 Responses to “Bonus/Layoffs Watch ’13: UBS”

  1. Guest says:

    How will the employees know the difference?

  2. Shia says:

    I hear John Thomas Financial is hiring. Just head over to Craigslist for the detailed job specs…..

  3. UBS Sucks Guy says:

    "Cannot describe how bad it is and how no work is being done, "


  4. asianbankingsensation says:

    Isn't a layoff a bonus at UBS?

  5. Poor choice of words says:

    Everyone knows and has known for a long time that bonuses and jobs are going down at UBS.

  6. To The Point says:

    UBS is shit

    – Guy who is out of ways to say it creatively

  7. OK Joke says:

    Payday is late March? Keller School of Management classes start the 4th!

  8. guest says:

    Highlights of my UBS Resume

    i was first in my class on following directions on wearing clean pressed underwear

    i recieved the highest zero in my class and my boss told me that because it was deferred, it showed that the firm really wanted me long term

  9. Suckadick says:

    The IB won't exist next quarter.

  10. Icelandic Banker says:

    With "No Work Being Done", UBS is finally heading in the right direction

    • Bandersnatch says:

      It became very clear to me sitting at UBS today that every decision we've made as a company has been wrong. Our organization is the complete opposite of everything we want it to be. Every instinct we have, in every aspect of life, be it who to hire, whether to work – it's all been wrong.

  11. ubs no more says:

    ubs should emulate george costanza. george changed his lot in life by being realistic about his decision making ability. He knew every decision he made was dead wrong, so he decided in one episode to do the exact opposite of any inclination he had. he was instantly successful. Morale of the story is that ubs mgmt should try the same.

  12. Rodskog says:

    Self Awareness much? The fact that they keep me around indicates the quality of the firm.

  13. guest says:

    this place is the biggest joke on ws; layoffs tomorrow at 299 park; severance prob better then a total bonus at end of march

  14. Guest says:

    I have never seen a company where its employees hate it so much that they rather see it fail and sink to the bottom. But then again, how could one blame them?