UBS Plans January Job Cuts to Start Final Integration Year (1)

UBS Group AG is set to begin its latest wave of job cuts in mid-January, according to people familiar with the matter.

That step will be followed by another round later in 2026 as UBS intends to switch off computer systems it acquired when it took over its former competitor in 2023, the people said, asking not to be named discussing internal matters.

UBS is entering the final year of its historic integration of Credit Suisse, which it bought in an emergency government-brokered deal in 2023. The merger swelled the workforce to just under 120,000 overnight. The number has since ...