Thread regarding UBS layoffs

The main office has become a horrible politically-driven, bureaucratic mess. Pretty much all managers are required to force-rank employees by positions/titles even though roles and areas of expertise may be very different. In turn, this morphs into a lot of infighting as people compete for a smaller piece of the bonus pie (shrinks every year). The culture or corporate culture is nonexistent or awkward at best. In sum, if you are considering this place think twice - you might be better off somewhere else... From the layoff perspective, we do have them but nothing is unusual here, it's an industry standard, every few months - few hundred here, few hundred there.