UBS cuts several hundred jobs across EMEA – report
Key takeaways
- UBS cuts several hundred jobs across EMEA – report Further reductions are anticipated in the second half of the year.
- According to sources, the reductions were concentrated in support areas, though some front-office bankers were also affected.
- Some staff whose positions were abolished were offered alternative posts within the bank as UBS sought to soften the effect on employees, the people said.
UBS cuts several hundred jobs across EMEA – report Further reductions are anticipated in the second half of the year. Credit: JHVEPhoto/ Shutterstock.com. · Private Banker International · JHVEPhoto/ Shutterstock.com. Vidhya Edwards Munnangi Mon, June 1, 2026 at 6:49 PM GMT+7 2 min read UBS UBS Group has removed several hundred roles across its businesses in Europe, the Middle East and Africa, in the latest round of cuts linked to its takeover of Credit Suisse three years ago, reported Bloomberg.
According to sources, the reductions were concentrated in support areas, though some front-office bankers were also affected.
Some staff whose positions were abolished were offered alternative posts within the bank as UBS sought to soften the effect on employees, the people said.