Finance
UBS may cut further 10,000 jobs by 2027, SonntagsBlick reports
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
UBS may cut 10,000 jobs by 2027, focusing on natural attrition and internal mobility, as part of its integration with Credit Suisse.
VIENNA, Dec 7 (Reuters) - UBS may cut an additional 10,000 jobs by 2027, Swiss paper SonntagsBlick reported on Sunday, without citing where it obtained the information.
Responding to the report, UBS did not confirm this number, but said it would "keep the number of jobs cuts in Switzerland and globally as low as possible".
"The role reductions will take place over the course of several years and will be mostly achieved through natural attrition, early retirement, internal mobility and inhousing of external roles," UBS said.
UBS has been cutting jobs as a result of the integration of former rival Credit Suisse, which it bought in 2023.
A reduction of 10,000 jobs would equate to a 9% cut in total jobs for the Swiss bank, which had around 110,000 employees at the end of 2024.
(Reporting by Alexandra Schwarz-Goerlich; Writing by Christoph Steitz; Editing by Elaine Hardcastle and Christina Fincher)
Job reduction refers to the process of decreasing the number of employees within a company, often due to restructuring, mergers, or economic conditions. It can occur through layoffs, attrition, or early retirement programs.
Corporate strategy is a company's overarching plan to achieve its goals and objectives. It involves decisions about resource allocation, business direction, and competitive positioning in the market.
Natural attrition is the gradual reduction of a workforce due to employees leaving for reasons such as retirement, resignation, or death, without immediate replacements being hired.
Early retirement is an option that allows employees to retire before the standard retirement age, often with financial incentives. It is typically offered by employers during restructuring or downsizing.
Integration in business refers to the process of combining two or more companies to enhance operational efficiency, reduce costs, and improve market position, often seen in mergers and acquisitions.
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