UBS wants to cut more than half of Credit Suisse’s jobs

According to a media report, Credit Suisse (CS), which was acquired by UBS, has been terminated. According to information from Bloomberg News, more than half of CS employees will lose their jobs. The first round of dismantling is scheduled for July, followed by another round in September and October.

Investment bankers in London, New York and Asia are particularly worried about losing their jobs. In total, about 35,000 jobs will be cut.