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. 
   vasile23 (Zürich, Switzerland) chose wrong day to use public transport - Many tram11 were full of #ubs shareholders http://liip.to/C2 #zuerich #zvv 15 Apr 2009 from web
2. 
   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) 09 Apr 2009 from TwitterFon in reply to lstuber
3. 
   dselz (Zürich, Switzerland) ubs strategy: Keep course, shed folks 15 Apr 2009 from twitterrific
4. 
   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.) 15 Apr 2009 from web
5. 
   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) 15 Apr 2009 from web

UBS to cut thousands of jobs