UBS

Finance
Switzerland1 layoff round tracked
3,000

Total Jobs Cut

January 2026

Most Recent

3,000

Largest Single Layoff

No

AI Cited

Layoff Timeline

January 2026

3,000 jobs cut

Reason: Credit Suisse integration; IT system decommissioning and workforce rationalization

Source: WealthManagement

About Finance Layoffs

80,462

Total industry layoffs

40%

AI-cited events

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Other Finance Layoffs

Citigroup

1 round

20,000 jobs
UBS

1 round

14,000 jobs
Coinbase

6 rounds

8,100 jobs
HSBC

1 round

4,000 jobs
Deutsche Bank

1 round

3,500 jobs

Sources

WealthManagement

Credit Suisse integration; IT system decommissioning and workforce rationalization

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