According to a report by Reuters on the 21st, UBS Group announced on the same day that it would carry out five rounds of layoffs worldwide starting in June this year, and a total of 50% to 60% of former Credit Suisse employees may be laid off. The first round of layoffs will begin in June, and the next rounds of layoffs will take place in August, September, October and November, which is expected to save a total of 12 billion Swiss francs (about 95 billion yuan). In June last year, UBS Group AG announced the completion of the acquisition of Credit Suisse, which made UBS a "giant" bank with total assets of $1.6 trillion and increased its global workforce by about 45,000 to about 120,000.
Article source: Reprinted by CCTV Finance
Editor: Wang Haoyi
Review: Huai Nan
Producer: Zhao Min, Zhong Xiao
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