UBS Post-Merger with CS Updates?
It's looking like UBS' integration of CS is underway. Recently saw that UBS laid off all CS bankers in Spain, a lot CS people have recently changed their LinkedIn to UBS, and that the CS sign finally came down in London. Does anyone have up-to-date insider information on the integration currently? Any idea when the next layoff round will happen? Any idea when CS employees will be notified if they are maintained? Is there any deal flow for the combined entity currently?
Push- interested
I’ll give you a run down of what’s going to happen over the next few months to a year from now. Bankers will continue to get laid off and CS signs will continue to come down
A merger, especially one involving two major banks, is incredibly complex and is really going to take a lot of time to fully merge. In the short term the combined workforce will continue to evolve
It was an acquisition though…
What is the difference, in your mind?
Is this a real question? 😆
UBS may have technically acquired CS, but it’s still a merger of two organizations into a single one
..
Heard of 4-5 juniors that got laid off last week on the legacy UBS side. Didnt hear about it in the news so not sure what it means but there is likely to be another round of RIFs before thanksgiving
Too nany teams have like 2x the juniors they had before but barely any additional seniors since the seniors at CS almost all left
Do you think the next round will be larger considering the groups are fully integrated now?
Have the groups been fully integrated now? Odd to see only some CS ppl have changed their LinkedIn to UBS.
Saw a lot of Barclays / Lehman people go over to UBS. Seems like that’s gonna strengthen the franchise by quite a bit.
Next round of UBS layoffs the week after thanksgiving. Thoughts and prayers
Source pls? Majority of CS people are finally switching over to UBS emails this week - wouldve thought they would lay off people before that. But I also recognize none of the logistics really seem to matter to management
It’s true. The layoffs confirmed impending before Christmas.
Agree with you I think they just dont care tbh
Serious?
How did you find out?
About time; way too many CS juniors there that are working for basically 0 seniors
Yeah expecting it to be a bloodbath for CS jrs
Updates?
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