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UBS is set to begin a discharge program in June, aimed at reducing its workforce through a series of five stages. The Swiss Sunday newspaper reports that between 50 to 60 percent of former Credit Suisse employees will be let go in these rounds, with an estimated 80 percent gone by the end of next year. The planned savings from these measures are estimated at 12 billion francs (12.40 billion euros). However, both UBS and CS have not responded to inquiries about this.
UBS had previously announced job cuts totaling approximately 8 percent of its workforce and aims to reduce costs by over 10 billion dollars (9.40 billion euros), with the majority of savings coming from these job cuts. Analysts predict that 30,000 to 35,000 jobs may be lost worldwide as a result of these measures. This restructuring is part of a larger effort to streamline operations and increase efficiency within the organization.
In addition to the financial implications of these changes, there have been ongoing developments in the world of online gambling and entertainment. Various platforms and websites have emerged to cater to the growing demand for online betting and casino games. These platforms offer a wide range of options for players looking to try their luck and win big. From slot machines to card games, there is something for everyone in this fast-paced and exciting industry.
As technology continues to evolve, so too does the world of online entertainment. Whether you’re a fan of traditional casino games or looking for something new and exciting to try, there are plenty of options available to suit your interests. So why not take a chance and try your luck at one of these exciting platforms? With the potential to win big and have fun while doing it, online gambling and entertainment are a great way to pass the time and potentially earn some extra cash.
