Bloomberg UBS Prepping For Massive Layoffs Amid Credit Suisse Takeover UBS Group AG (NYSE: UBS), which agreed to buy peer Credit Suisse AG (NYSE: CS) in a central-bank-brokered deal, is preparing to eliminate about 20 to 30% of jobs worldwide. UBS is expected to announce up to 36,000 job cuts across its branches. As many as 11,000 employees in Switzerland would be laid off. UBS and Credit Suisse employed about 125,000 people at the end of 2022. Wall Street Journal McDonald's Layoffs Reportedly P