UBS to fire over 20,000 Credit Suisse employees
Shortpedia
Content Team
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Deep cuts were expected at Credit Suisse from the moment the bank was acquired by UBS, its former local rival. Now, Bloomberg has reported that over half of Credit Suisse's employees will be fired starting next month. The job cuts will mainly affect the investment banking division of Credit Suisse. It was acquired by UBS to prevent a banking failure.
