UBS Says Job Cuts to Be Kept 'As Low As Possible' Amid Credit Suisse Integration

05:11 AM EST, 12/08/2025 (MT Newswires) -- UBS Group (UBSG.SW) confirmed Monday it will keep the number of job cuts in Switzerland and globally "as low as possible" as part of its integration of Credit Suisse. The statement is in response to MT Newswires' request for comment on a Sunday report by Swiss newspaper SonntagsBlick, which claimed that the banking giant is cutting 10,000 jobs in Switzerland and internationally by 2027 as part of cost-saving measures, without specifying its source. While UBS declined to comment on the reported figure, it said that the reductions will be carried out "over the course of several years," mostly through natural attrition, early retirements, internal mobility, and in-housing of external roles.