Layoffs Watch '09: UBS
UBS announced Wednesday it had plans to ax everyone (actual figure: 8-large or so), and apparently the Swiss are really moving their asses on this one. Supposedly "hardcore" cuts will start going down today.
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."