UBS Continues Job Cuts During Credit Suisse Merger.

UBS has reportedly eliminated several hundred additional jobs across Europe, the Middle East, and Africa as part of its ongoing integration of Credit Suisse. The latest workforce reductions mainly affect support roles, although some client advisory positions have also been impacted, according to media reports.

The Swiss banking giant has not officially confirmed the number of affected employees. However, UBS has consistently stated that it aims to reduce overlapping functions created by the acquisition of Credit Suisse while minimizing compulsory redundancies wherever possible.

A UBS spokesperson reiterated that workforce reductions will occur gradually over several years through natural staff turnover, early retirement programs, internal mobility, and the replacement of external contractors with internal employees. This approach was first outlined after UBS completed the historic takeover of Credit Suisse in 2023.

The bank’s latest financial results show that its workforce declined from 103,177 full-time positions at the end of 2025 to 101,594 by the end of March 2026. Industry analysts estimate that the total workforce could eventually fall to around 80,000 employees as integration efforts continue.

Since acquiring Credit Suisse, UBS is believed to have reduced approximately 17,500 positions globally. In Switzerland alone, the bank previously announced plans for around 3,000 job reductions as part of the merger process.

UBS Chief Executive Officer Sergio Ermotti stated earlier this year that most of the planned Swiss job cuts are expected during the second half of 2026 and early 2027. The reductions are closely linked to the completion of the migration of former Credit Suisse clients and operations onto UBS systems.

Despite the ongoing restructuring, UBS maintains that the integration remains on track and is focused on creating a stronger and more efficient global banking group. The merger continues to be one of the largest banking consolidations in Swiss financial history, with significant implications for employment and the future of the country’s banking sector.