Layoffs Watch '08: UBS's Interesting Timing


UBS announced a few weeks ago that it would be laying off some 8,000 employees; apparently they plan to begin the bloodletting next Tuesday, May 6. May 6, as in the night they're scheduled to accept the “Heart of Gold Award," by the Volunteer Center of Southwestern Fairfield County. I have nothing else to add.


Layoffs Watch '12: UBS?

Cuts are said to be coming in the near-ish future. "More layoffs are expected to take place within the next 2-3 weeks with at least 10pct cuts across the board in sales, research and trading. Morale has reached a new all-time low (hard to imagine it could become lower?) and at this point many have the attitude that if they get out now at least they'll get a package out of it."