UBS Plans to Lay off Up to 10,000 Employees by 2027: Report

UBS is assessing its long-term workforce structure following the integration of Credit Suisse, with early reports suggesting that the bank is evaluating sizeable role reductions over the next few years as part of its larger restructuring effort. 

UBS Evaluates Workforce Adjustments 

Swiss daily SonntagsBlick reported that UBS may reduce as many as 10,000 roles by 2027, though the source of this figure was not disclosed. UBS has not confirmed the estimate but stated it intends to keep reductions minimal. 

As per the news report, any changes would unfold carefully across several years and added that the approach would rely primarily on natural attrition, early retirement, internal mobility, and in-housing of external roles rather than immediate layoffs.  

If the 10,000 estimate holds, the reduction would represent close to 9% of UBS’s global workforce, which stood at around 110,000 employees at the end of 2024. 

Impact of the Credit Suisse Merger 

The restructuring follows UBS’s 2023 acquisition of Credit Suisse, which prompted a review of duplicated functions and overlapping operations. The bank is streamlining processes and consolidating teams to increase efficiency across the combined organisation.  

UBS has reiterated that it plans to manage the transition responsibly and limit disruptions for employees wherever possible. 

The development comes amid broader job reductions across industries including technology, telecom, auto, and BFSI, where major firms such as Amazon and Meta have already implemented significant layoffs in 2025. 

Read More: Zee Lays Off More Staff Following Business Hit Post Failed Sony Merger! 

Conclusion 

While UBS has not confirmed the scale of potential reductions, the bank continues to evaluate workforce needs as it integrates Credit Suisse. The process is expected to span several years, with UBS maintaining its commitment to manage the transition gradually and minimise the impact on employees worldwide. 

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