10:54 AM EST, 01/27/2025 (MT Newswires) -- UBS Group ( UBS ) initiated a wave of job cuts impacting hundreds of workers in its home market of Switzerland, Bloomberg reported Monday, citing people familiar with the matter.

"We will keep the number of jobs cuts in Switzerland and globally as a result of the integration as low as possible," a UBS spokesperson told MT Newswires via email. "The role reductions will take place over the course of several years and will be mostly achieved through natural attrition, early retirement, internal mobility and inhousing of external roles."

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