Nothing more to add for UBS, we do let people go all the time, I think we have 60,000 employees, you would expect at least 2% to be let go every year from UBS, so that is 1200 folks, roughly 100 every month, it's really nothing major for UBS. We did outsource a ton of stuff so we went through hard times a few years back, now it's stable.
2 replies (most recent on top)
2% is nothing, things will be much worse
So 100 people let go every day is not a big deal for you? We are literally sitting on billions of dollars and we are doing nothing to help people with families who invested decades of hard work to make UBS successful?