Should I stay or should I go? What data execs can expect from the UBS–Credit Suisse merger
With major job cuts expected to result from the acquisition of Credit Suisse by UBS, how will such big changes impact those in data and technology roles at the firms?
UBS is reportedly targeting $8 billion in savings by 2027 by stripping out costs over the course of integrating rival Credit Suisse following its impromptu takeover of the firm, which faced serious losses and the risk of insolvency. Those savings could be gained from any area of the bank, but the bulk are likely to come from every firm’s biggest asset and expense: personnel, including the data and technology staff who support anyone across the business who consumes data in any form.
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