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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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37 Responses to “Layoffs Watch ’13: UBS West”

  1. D-Funnk says:

    Thanks UBS for all the memories…

  2. Not at UBS Anymore says:

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

  3. Joe Sixpack says:

    Where are all the friends of Frank now?

  4. Mexi_Cant says:

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

  5. Snickelfritz says:

    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.

  6. Old Balls says:

    It was all over once they got rid of Pink Dot

  7. Senior Exposure says:

    Pink dot was the shit

  8. Spankit says:

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

  9. Ripper Macros says:

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

  10. good night says:

    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.

  11. PIKToggle says:

    Bostin was my favorite

  12. PIKToggle says:

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

  13. Osamu Watanabe says:

    Where's my GSFCC memo??

    • David Juge says:

      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?

  14. High Yielder says:

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

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

  15. Jacko says:

    No email approval? Ambitious…

  16. U(deserve_it)BS says:

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

    -You & Us…just not on the west coast

  17. Guest says:

    Their first legitimate tombstone for the last few years.

  18. Boggsy says:

    Who was pink dot? Ken Moelis?

  19. Ian S. says:

    Duuuuude

  20. UBS LA circa 2005 says:

    “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.”

  21. Best Time/Worst Time says:

    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."

  22. UBS Sucks Guy says:

    Jr. High > UBS

  23. Ibank detective says:

    you must be a Moelis employee

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