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UBS Encouraging Incoming Class To Show Up Late For Work

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Our favorite Swiss bank in town emailed the incoming S&T analyst class this morning with some news, good or bad depending on whether or not anyone in the group was hoping to spend the next 12 months finding him/herself. One year deferral, 15k pretax for the year-- no option. And have a great day!


Layoffs Watch '12: UBS Tells Employees Not To Bother Themselves With Figuring Out How To Get Into Work (Ever Again)

Earlier this week, before a natural disaster struck the East Coast, UBS announced that it would essentially be getting out of the investment banking business and focusing its energy 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, to can a bunch of staff. Those people, however, thought wrong. Apparently when UBS decides to do something, neither wind nor rain nor is gonna stop them.