**UBS Plans Significant Job Cuts Amid Credit Suisse Integration**
UBS is reportedly set to cut approximately 10,000 jobs by 2027 as part of its ongoing integration of Credit Suisse, according to a report from Swiss publication SonntagsBlick. The layoffs are expected to affect employees both in Switzerland and internationally. While UBS has not confirmed the specific number of job cuts, the bank stated it aims to minimize reductions in Switzerland and globally.
This potential reduction of 10,000 positions would represent about a 9% decrease in UBS’s workforce, which was around 110,000 employees at the end of 2024. The job cuts are part of UBS’s broader strategy to streamline operations and reduce costs following its acquisition of Credit Suisse in 2023.
The bank indicated that the job reductions will occur over several years, primarily through natural attrition, early retirement, internal mobility, and the inhousing of external roles. UBS has previously mentioned that it anticipates around 3,000 redundancies in Switzerland as part of the integration process, and this estimate remains unchanged.
Since the merger, UBS has seen a significant decrease in its workforce. The newly formed entity employed approximately 119,100 people in the summer of 2023, but by the end of September 2025, that number had dropped to 104,427, reflecting a loss of about 15,000 jobs. On average, UBS has been cutting around 1,250 positions each quarter, with larger waves of layoffs expected in the coming quarters, potentially totaling up to 2,000 job cuts depending on the progress of the Credit Suisse integration.
The merger between UBS and Credit Suisse, completed in 2023, created a major Swiss banking institution with nearly $1.7 trillion in assets, marking the largest banking consolidation since the 2008 financial crisis. This merger not only ended Credit Suisse’s 167-year history but also raised concerns about Switzerland’s reputation as a stable global financial center, leaving employees from both banks facing uncertainty about their futures.
**FAQ**
**What is the reason behind UBS’s job cuts?**
UBS is reducing its workforce primarily as a cost-cutting measure following the integration of Credit Suisse, aiming to streamline operations and enhance efficiency.
