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UBS to Cut 35,000 Jobs Globally

UBS, the world’s largest wealth manager, has announced its plans to commence a cost-cutting strategy of more than $10 billion after having acquired the Swiss operations of Credit Suisse.

This shake-up will result in job losses of around 3,000 in Switzerland alone, amounting to approximately 1 in 12 Swiss jobs. Photo: Getty Images
This shake-up will result in job losses of around 3,000 in Switzerland alone, amounting to approximately 1 in 12 Swiss jobs. Photo: Getty Images

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