UBS may cut 10,000 more jobs by 2027 in Credit Suisse integration - report

UBS could shed an additional 10,000 jobs by 2027 as part of its integration of Credit Suisse, Swiss newspaper SonntagsBlick reported, a move that would bring its total workforce to about 95,000 full-time employees.

The report, which did not cite its sources, said the cuts would affect positions both in Switzerland and internationally.

Since the merger in spring 2023, the trend has been clear in recent quarters, a source at the Zurich-based bank told the paper.

The combined bank had 119,100 employees in the summer of 2023. By the end of September 2025, that figure had fallen to 104,427 — a reduction of about 15,000 jobs.

Further reductions are expected over the next 4-5 quarters, potentially totalling around 2,000 positions.