Any word on the "Big Announcement @ UBS @ End of Month?"

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Mar 25, 2010 5:54 am

?

Mar 25, 2010 5:27 pm

is this what you r talking about (on dealbreaker this morning):

"UBS US Wealth Management is laying off significant amounts of employees in the home office today and tomorrow. General estimates are around 300. I have already seen 5 of my friends in the group next to me leave (total group size of 15!) and its only 45 minutes since they began. Cuts are at all levels, mid-senior to analysts. Morale is extremely low"

Mar 25, 2010 7:03 pm

Not what I was talking about but every bit as interesting.  300 headcount isn't too big a layoff as long as you're not 1 or the 300...

Mar 25, 2010 8:54 pm

300 is big when it home office people

Hopefully its mostly in compliance!

Good luck Weehawken, there are some good people up there+

Apr 6, 2010 9:17 am

I hope it's a new pay plan.  Those are always exciting.