April 15, 2009

UBS to cut thousands of jobs

Per BBC, Swiss bank UBS has announced it plans to cut 8,700 jobs by next year as a result of losses from the financial crisis in the United States.

UBS said that 2,500 jobs will be lost in Switzerland, and additional cuts will be made at other outlets worldwide, according to BBC.

Immediate reaction from Twitterers in Switzerland showed the impact of the news:

  1. Vasile Cotovanu
    vasile23 (Zürich, Switzerland) chose wrong day to use public transport - Many tram11 were full of #ubs shareholders http://liip.to/C2 #zuerich #zvv
  2. Thomas Lang
    thlang (Sool, Switzerland) @lstuber mmmh ach so ja, da war doch was. Kommt davon, wenn man hinten beginnt, die #Studie zu lesen. Frohe Ostern. #ubs (@lstuber mmmh oh-so yes, there was something. Comes from when you start back, the #study to read. Happy Easter. #ubs)
  3. Dorian
    dselz (Zürich, Switzerland) ubs strategy: Keep course, shed folks
  4. Juerg Moesli
    coward23 (Oberrohrdorf, Switzerland) Die UBS entlässt massiv Mitarbeiter. Das süffisante Grinsen des Oswald Grübel geht mir mächtig auf die Nerven. (UBS dismisses massive staff. The smugly grin of Oswald Grübel me goes heavy on the nerves.)
  5. Mirco Fehr
    fehrmir (Zürich, Switzerland) arme arme arme #UBS #Banker welche nun auf der Strasse stehen... Fast kommt ein wenig Wehmut auf aber eben auch nur FAST #UBS #fail (poor poor poor #UBS #banker who now stand in the street ... Fast, a little melancholy but also to just FAST #UBS #fail)

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