There is a big hoopla about banking layoffs right now but it's mostly on the mortgage side of the big commercial banks. UBS is not affected by this but if the mortgage side at commercial banks continue to tank, this may spread beyond and affect UBS at some point. As some of the posters below noted, we constantly have layoffs but we also hire a lot so it's a wash.
1 reply
I also think 2015 will be a good year for UBS and we'll see what 2016 brings once the interest rates start to increase.