• 26 Feb 2013 at 4:22 PM

Layoffs Watch ’13: UBS West

The Swiss are said to be packing it in on the West Coast.

UBS is shutting down IBD in LA and San Francisco offices. Other US IBD offices bracing for major cuts as well.

According to a spokesperson for the bank, “We are not closing our SF office.”

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Comments (37)

  1. Posted by D-Funnk | February 26, 2013 at 4:27 PM

    Thanks UBS for all the memories…

  2. Posted by Not at UBS Anymore | February 26, 2013 at 4:41 PM

    UBS certainly did have a good run, 2005 – 2007 was my favorite.

  3. Posted by Bernie Madoff | February 26, 2013 at 4:44 PM

    Oh, so you're more than happy to remember their legitimate years, asshole.

  4. Posted by Joe Sixpack | February 26, 2013 at 4:44 PM

    Where are all the friends of Frank now?

  5. Posted by Mexi_Cant | February 26, 2013 at 5:01 PM

    But how am I going to work at UBS LA now and then go to Megafund???

  6. Posted by Snickelfritz | February 26, 2013 at 5:02 PM

    UBS LA office alum here. There was not much left in LA. Just two MDs. Sad to see it go, but the real cuts were done years ago.

  7. Posted by D-Funnk | February 26, 2013 at 5:07 PM

    I was there during that time too… It was a lot of fun! I left in 12/07… In retrospect it was great timing!

  8. Posted by Old Balls | February 26, 2013 at 5:07 PM

    It was all over once they got rid of Pink Dot

  9. Posted by Senior Exposure | February 26, 2013 at 5:15 PM

    Pink dot was the shit

  10. Posted by Taco Stand Quant | February 26, 2013 at 5:20 PM

    Just do John Thomas financial, bro.

  11. Posted by Spankit | February 26, 2013 at 5:22 PM

    Agree! Pink dot was the shit. There were also a few hot admins in the LA office over the years as well.

  12. Posted by Solid 5 Admin | February 26, 2013 at 5:36 PM

    Hmm, if only Pink Dot delivered Pink Berry

  13. Posted by Ripper Macros | February 26, 2013 at 5:38 PM

    Whatever analysts are still there need to pull one more completely unnecessary all-nighter, for old times' sake

  14. Posted by Guest | February 26, 2013 at 5:42 PM

    I got a warm and tingly feeling reading this. Oh, nope, just have to poop.

  15. Posted by Current Analyst | February 26, 2013 at 5:47 PM

    I use your macros all the time!

  16. Posted by Intruder | February 26, 2013 at 5:55 PM

    More of a stink berry fan myself

  17. Posted by good night | February 26, 2013 at 6:04 PM

    When you have a 2% market share and are staffed like the big boys, you UBSers kind of know what is coming. You dont need to be a ubs quant jock to figure that out. It will be oh so sad not to have UBS to kick around as there is nothing left to write about. boo hoo…may they RIP.

  18. Posted by NoQuestionsForYou | February 26, 2013 at 6:36 PM

    Nothing like the Chris The Ripper macros…

  19. Posted by RoD | February 26, 2013 at 6:48 PM

    can you send the ripper macros? i left UBS a month back and miss them

  20. Posted by UBS Sucks Guy | February 26, 2013 at 6:48 PM

    Jr. High > UBS

  21. Posted by PIKToggle | February 26, 2013 at 7:37 PM

    Bostin was my favorite

  22. Posted by Senior Exposure | February 26, 2013 at 7:42 PM

    Bostin was bad ass, he didn't give a fck

  23. Posted by PIKToggle | February 26, 2013 at 8:01 PM

    My favorite deal was a dual track process negotiated over a fireside chat with staple financing that included cov-lite and pik toggle notes

  24. Posted by Osamu Watanabe | February 26, 2013 at 8:03 PM

    Where's my GSFCC memo??

  25. Posted by Bonobos IR Quant | February 26, 2013 at 8:11 PM

    Did anyone wear/gift some brightly colored pants as part of the deal?

  26. Posted by David Juge | February 26, 2013 at 9:53 PM

    Your cut and paste Fuglly Light 45 type face stack has to wait until LPRM and CRC can appeal the RMP with CRC.

    Are you new?

  27. Posted by High Yielder | February 26, 2013 at 11:14 PM

    Sad ending for an office that was a shadow of its former self.

    Ironically, I think ripper himself was head of the office!

  28. Posted by Ibank detective | February 26, 2013 at 11:28 PM

    you must be a Moelis employee

  29. Posted by Jacko | February 26, 2013 at 11:56 PM

    No email approval? Ambitious…

  30. Posted by U(deserve_it)BS | February 27, 2013 at 12:01 AM

    Apparently UBS' relevance in real banking was only written in Frutiger, and not in stone.

    -You & Us…just not on the west coast

  31. Posted by Guest | February 27, 2013 at 1:03 AM

    Their first legitimate tombstone for the last few years.

  32. Posted by Boggsy | February 27, 2013 at 8:02 AM

    Who was pink dot? Ken Moelis?

  33. Posted by UBS '05 | February 27, 2013 at 9:01 AM

    convenience store that delivered

  34. Posted by Ian S. | February 27, 2013 at 10:41 AM

    Duuuuude

  35. Posted by Swing By | February 27, 2013 at 11:24 AM

    Haha – Spalding?

  36. Posted by UBS LA circa 2005 | February 27, 2013 at 4:23 PM

    “This office is not for the light-hearted. Plan on working on average about 18 hours a day, 7 days a week… If you screw up on something, you can generally expect never to be staffed with that team again unless there is really a staffing crunch. This office is not that forgiving of mistakes and once you build a bad reputation, it will always stay with you.”

  37. Posted by Best Time/Worst Time | February 27, 2013 at 5:49 PM

    Can't fire the memories….None better than on the day KM quits and a senior MD tells all the 1st year analysts to call their clients, and "let 'em know we're still here."