When will UBS start its next round of job cuts?

UBS will begin its next wave of job cuts in mid-January, with another round planned for later in 2026.

How many jobs has UBS cut since acquiring Credit Suisse?

Approximately 15,000 jobs have been eliminated since UBS acquired Credit Suisse in 2023.

When is the UBS-Credit Suisse integration expected to finish?

The overall integration of Credit Suisse clients and systems by UBS is expected to be completed by the end of 2026.

Home / Business and Economy / UBS Slashes Jobs as Credit Suisse Merger Winds Down

UBS Slashes Jobs as Credit Suisse Merger Winds Down

20 Dec

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Summary

UBS will begin a new wave of job cuts in mid-January, with another round planned for 2026.
The bank aims to complete the integration of Credit Suisse by the end of 2026.
About 15,000 jobs have been cut since the Credit Suisse acquisition, with a target of 35,000 remaining.

UBS Slashes Jobs as Credit Suisse Merger Winds Down

UBS Group AG is set to implement a significant new phase of job reductions starting mid-January, with further workforce adjustments scheduled for later in 2026. These cuts are closely linked to the planned decommissioning of computer systems acquired during the 2023 takeover of Credit Suisse.

The Swiss banking giant is entering the final year of its substantial integration process for Credit Suisse, a merger that dramatically increased its employee numbers. While around 15,000 positions have been eliminated since the acquisition, this represents less than half of the previously reported internal target. The bank has not officially confirmed its broader reduction plans.

UBS anticipates completing the major IT migration for Credit Suisse clients by the end of 2026. Following this complex transition, a second wave of job cuts is expected. Some IT and operations specialists will be retained post-migration to ensure a smooth handover, indicating a strategic approach to workforce management.