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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.


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."