UBS - 5 Wave of layoffs to start in June

[ismartganesh]

"In total, 50-to-60% of ex-CS (Credit Suisse staff) will probably be laid off over the five rounds," SonntagsZeitung quoted a source it described as an insider as saying.

After the first round in June, in which 25-30% of former Credit Suisse staff are expected to be made redundant, the next rounds will take place in August, September, October and November, the newspaper reported, putting the planned savings at 12 billion Swiss francs ($13.2 billion).

[Washed_pearl]

60% aa 

[AmruthamAppaji]

Cary Nc lo too many ubs people