Finance
UBS Swiss job cuts coming later in 2026, CEO says
Published by Global Banking and Finance Review
Posted on February 4, 2026
1 min readLast updated: February 4, 2026
Quick Summary
UBS will implement major job cuts in Switzerland by 2026 as part of its Credit Suisse integration, according to CEO Sergio Ermotti.
UBS Swiss job cuts coming later in 2026, CEO
UBS Job Cuts Overview
ZURICH, Feb 4 (Reuters) - The majority of job reductions in UBS' Swiss business will likely be in the second half of 2026, the bank's CEO Sergio Ermotti told reporters on Wednesday.
CEO's Insights on Job Reductions
UBS has previously said it expected to lose around 3,000 jobs in Switzerland as it integrates Credit Suisse.
Impact of Credit Suisse Integration
Speaking after the lender's fourth-quarter results, Ermotti also said that the faster-than-anticipated repatriation of capital from UBS subsidiaries to the parent did not change the overall capital available for the bank, as it prepares for higher capital requirements under Swiss government proposals.
(Reporting by Ariane Luthi and Tommy Reggiori Wilkes, Editing by Louise Heavens)
Key Takeaways
- •UBS plans to cut jobs in Switzerland by 2026.
- •CEO Ermotti confirms 3,000 job reductions.
- •Job cuts linked to Credit Suisse integration.
- •Capital repatriation doesn't affect overall capital.
- •Swiss government proposals may increase capital requirements.
Frequently Asked Questions about UBS Swiss job cuts coming later in 2026, CEO says
1What is corporate strategy?
Corporate strategy is the overall plan for a company to achieve its goals and objectives, including decisions about resource allocation, business activities, and market positioning.
