UBS Sheds Hundreds in Latest Job Cuts After Credit Suisse Deal

UBS Group AG has eliminated several hundred positions across its operations in Europe, the Middle East and Africa, marking the latest wave of reductions tied to the acquisition of Credit Suisse three years ago.

The cuts mainly affected staff in support functions although some bankers in client-facing roles were included as well, according to people familiar with the matter. Some of the employees whose roles were scrapped got offered new jobs inside the firm as part of an effort by UBS to cushion the impact on staff, the people said, asking not to be identified discussing private information.

A spokesperson ...