Credit Suisse to trim workforce by 10% soon: Report
Shortpedia
Content Team
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UBS Group AG is gearing up for another round of job cuts at Credit Suisse, with about 10% of support staff in compliance, risk, and marketing roles on the chopping block. According to Financial News, the Swiss bank has informed employees that the cutbacks will kick off on November 6. This comes after UBS's acquisition of its long-time Swiss rival in a government-brokered deal earlier this year, which brought together a combined workforce of around 120,000 employees.
