UBS cuts other jobs: it falls below 100,000 (cross-border guide)

Context

In a nutshell

• UBS now has less than 100,000 employees.
• Reduction of 2,500 units compared to the previous quarter.
• Savings of $1.1 billion in the second quarter alone.
• Final target of 13.5 billion in savings by the end of 2026.

Key facts

• What: Reduction of UBS bank staff.
• When: Data at the end of June.
• Who: UBS Group.
• Savings amount: $1.1 billion in the quarter.
• Target savings: $13.5 billion by the end of 2026.

The UBS banking group has officially announced that it has exceeded its workforce reduction threshold, dropping below 100,000 jobs. According to the quarterly results, at the end of June the bank had 99,085 employees, calculated in full-time equivalents. This figure marks a decrease of about 2,500 units compared to the number of employees recorded at the end of March. The maneuver is part of the broader Credit Suisse integration process, an operation that has profoundly changed the personnel structure of the Swiss banking group.

# Merger Process Analysis

The integration process began following the official announcement of the merger between the two banking giants on 19 March 2023. Prior to that event, the total workforce between UBS and Credit Suisse exceeded 120,000 units. From the outset, the company strategy provided for the implementation of important savings measures, which had a

Operational details

The transformations taking place within UBS have direct implications for the structure of the Swiss banking market and, consequently, for the dynamics involving workers active in the financial sector. The reduction in the number of loans, which brought the total below 100,000 full-time equivalents, reflects an unprecedented consolidation phase in the Swiss banking landscape. For employees, including border workers operating in Ticino, this scenario requires a reflection on employment prospects and the stability of roles in an environment undergoing constant reorganisation.

Comparison of employment flows

The transition from 120,000 pre-merger jobs to the current 99,085 highlights the scale of economies of scale that UBS is pursuing. Personnel management, which takes place through optimisation policies, follows the recurring savings plan set for 2026. It is important to underline that the integration process concerns not only the numerical reduction, but also the redefinition of the operational functions between the two banking entities. The monitoring tools offered, such as the calcolatore stipendio or the consultation of the aziende che assumono, remain essential reference points for those seeking clarity in a rapidly evolving market. The need to maintain a high competitiveness pushes the group to continue with the savings plan, which stands at a total figure of 13.5 billion

Recommended tools

For an updated estimate, use the net salary calculator and the CHF-EUR exchange comparator.

Key points

The management of one's career in a context of corporate restructuring requires, for the freelancer, careful planning and the use of appropriate tools to assess one's contractual and pension situation. In the presence of structural changes as described, it is advisable to periodically check the conditions of one's employment relationship. The standard procedure involves analyzing the contract in relation to the rights provided by Swiss law, as well as verifying the contributions related to the pillars of the pension system. For those who need to evaluate new opportunities or manage a transition phase, it is advisable to consult the dedicated platforms that allow for comparing job positions and updated salaries.

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