Layoffs Watch '08: UBS's Interesting Timing

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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.

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Layoffs Watch '12: UBS

Cuts are said to have gone down at the Swiss bank today. "Layoffs at UBS IBD, as if moral wasn't low enough at 299 Park. M&A, FIG, TMT affected."

Layoffs Watch '12: UBS

Unfortunately-timed cuts are said to have gone down this morning. From the front lines: "Over 30 IBD analysts cut at UBS in New York today. 2 days before bonus announcements..."

Layoffs Watch '12: UBS

UBS is said to be embarking on a "fresh round of cuts" in the investment bank, starting with the team in Europe. UBS, Switzerland’s biggest bank, plans to cut about 80 to 90 jobs in its European investment- banking division as part of a global revamp, according to two people familiar with the matter. The cutbacks, which are likely to take place before year- end, would amount to about 17 percent of staff within the region’s investment-banking division and include junior and senior bankers, said the people, who asked not to be identified because the plans are private. The division includes merger advisory and equity and debt capital markets. The reductions probably will kick off a fresh round of job cuts within the broader investment bank, which includes UBS’s fixed-income and equities units, said the people. [Bloomberg]

Layoffs Watch '12: UBS

Cuts are said to be going down circa now. "FYI: UBS is letting people go on the sales and trading desk today. At least three senior guys have been let go so far this morning, with more on the way."

Layoffs Watch '12: UBS

The Swiss are not yet done with their firings. "FYI, layoffs going down right now in IBD at UBS as well."