Submitted by [deleted] t3_127fgqy in wallstreetbets
[deleted]
Comments
VisualMod t1_jedwff8 wrote
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| >TL;DR: Credit Suisse and UBS have announced their plans to merge, creating one of the largest financial institutions in Europe. However, this groundbreaking move comes with a cost, as Credit Suisse plans to lay off 2,000 staff in the aftermath of the merger. |
VisualMod t1_jedwfqi wrote
>This is great news for the shareholders of both banks, but it's terrible news for the employees who are going to lose their jobs. The fact that 2,000 people will be laid off as a result of this merger is a real shame, and it highlights the harsh reality of corporate restructurings. I hope that the affected workers are able to find new positions quickly, but it's certainly not going to be easy.
[deleted] OP t1_jedwwyj wrote
[deleted]
e10n t1_jedxr1r wrote
UBCS?
MundaneAttempt t1_jedypct wrote
Amazing how a robot has more compassion than most of the people on this sub.
be_blessed_bruh t1_jee0zq2 wrote
Fucking empathy? This is a human
lets-troll-trolls t1_jee2sep wrote
Not a surprise-this is standard operating protocol
[deleted] OP t1_jee4eyr wrote
[deleted]
ASaneDude t1_jee7a11 wrote
“Our back office, mainly risk, failed so let’s cut more risk jobs!”
aSimpleUkrainian t1_jee7sg8 wrote
Does Switzerland have its own Wendy’s?
darkspd96 t1_jee7vn1 wrote
Yup, any kind of consolidation leads to duplicate positions, you take the best candidate and get rid of the rest, welcome to capitalism
... Do you really think the market is going to tank given cost cutting?🤣🤣🤣
L-Observateur t1_jeea3fo wrote
Until VM starts back up with "I don't care, I'm rich" every third post
VOIDssssssss t1_jeef3xx wrote
It’s a bot, it’s been a bot since it was created.
be_blessed_bruh t1_jeegvqu wrote
Dont be so naive
Space_Narwhals t1_jeeh0lh wrote
No no, I checked and according to The Powers That Be, it achieved sentience last Tuesday and was declared human.
islayscotchwhiskey t1_jeehgk0 wrote
Right-sizing after a merger is good and standard practice for the company.
[deleted] OP t1_jeei9q4 wrote
[removed]
[deleted] OP t1_jeeiiwe wrote
420Secured t1_jeektf1 wrote
It’s a proprietary AI bit: WSB_Chat.Ai
be_blessed_bruh t1_jeelfiz wrote
You’re also beyond saving
[deleted] OP t1_jeem136 wrote
[removed]
lifec0ach t1_jeemu73 wrote
Bullish.
ktElwood t1_jeen1vr wrote
Well they could have done it more civilized.
If there are competitors from UBS and CS for one job:
One room. One knife. One winner.
[deleted] OP t1_jeen6jv wrote
McFatty7 t1_jeeoufn wrote
Given Credit Suisse’s history (and almost bankruptcy) this isn’t a surprise.
Dmartinez8491 t1_jeepcby wrote
Who'd want to purposefully get unstable bowel syndrome?
becool773 t1_jeeqpde wrote
In a few years your brothers and sisters will lay us all off VM
mickeymanz t1_jeet6ru wrote
They have McDonalds
lets-troll-trolls t1_jef30o4 wrote
Except maybe in the risk department
ktElwood t1_jegbdlj wrote
It's a calculated risk, but man I am bad at math - CS riskmanagement.
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