UBS is reportedly on track to miss its internal target of reducing its workforce to 85,000 employees by the end of 2026. This target was set following the acquisition of Credit Suisse, aiming for significant headcount reductions.
Missing this workforce target indicates potential challenges in achieving the planned operational synergies and cost savings from the Credit Suisse integration. The bank's ability to streamline its combined operations is a key metric for investors.
This development suggests that the process of rationalizing the combined workforce is proving more complex than initially anticipated. It could impact UBS's overall efficiency and profitability targets for the coming years.
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