Layoffs

  • 31 Oct 2012 at 2:01 PM

Severance Watch ’12: UBS

Some details on the packages offered to those fired post-Hurricane. Read more »

Earlier this week, before a natural disaster struck the East Coast, UBS announced that it would be calling it quits on its fixed income experiment and focusing on wealth management, letting go of approximately 10,000 employees as it transitioned back to its tax evading roots. That was Monday morning, and while the bank had said that it planned to start cuts on Tuesday, most people assumed that the Swiss would wait at least 24 hours between the time Connecticut Governor Dannel Malloy told residents to seek safety from the storm on their roofs or power for the many who lost it was restored or NY/NJ/CT mass transit started functioning again to can a bunch of staff. Those people, however, thought wrong. Apparently when UBS higher-ups decide to do something, neither wind nor rain nor is gonna stop them. Read more »

  • 26 Oct 2012 at 3:51 PM

Layoffs Watch ’12: UBS Has Something To Share

Management has decided to burn the investment bank down and start fresh (basically). Read more »

  • 19 Oct 2012 at 6:26 PM

Layoffs Watch ’12: Barclays

Cuts are said to have gone down with more a-comin’. Read more »

Would’ve been quite the gag but no, he was serious, in case there was a question in anyone’s mind. Read more »

  • 27 Sep 2012 at 5:24 PM

Layoffs Watch ’12: Bank Of America Australia

The House of Moynihan has said goodbye to a bunch of employees down under. Read more »