UBS Wealth Management Said to Cut Staff
We're seeing far fewer stories about mass layoffs in finance these days, so the news that UBS Wealth Management let go at least 40 staffers late last week caught our eye.
A UBS spokesperson told Connecticut journalist Teri Buhl:
"It's actually only about 40 people in the back office of Wealth Management that were laid-off. No Stamford traders were let go....They needed to right-size their business."
The Dealbreaker blog, which reports much of its news in the form of anonymous tips, had reported a much larger number via a post from a reader who claimed to work in UBS Wealth Management's Weehawken, N.J., headquarters.
