The rushed sale and merger of Credit Suisse into UBS is set to involve around 3,000 layoffs, mainly in the Zurich region, announced UBS this week. The mood in at the Uetlihof Credit Suisse office in Zurich is depressing, according to various media reports. Credit Suisse © Octavian Lazar | Dreamstime.comUBS has said that there is no other way, reported SRF. The 3,000 positions will be eliminated over several years starting in 2024, giving those leaving some time to find new work. However, with so many people entering the job market competition for new positions is likely to be intense.

Source: Le News September 02, 2023 05:14 UTC