Leader, Pioneering Expert in Financial Advice, Thought Leader, Honorary Consul, Advocate for True Leadership, Expert in Financial Model Risk and Banking, University Educator in Data Science, AI & Innovation
UBS announces more layoffs. That is sad, but the right thing to do. This is necessary to keep the bank profitable and avoid problems, after all they are now too big to fail for Switzerland. When banks merge they gain complexity (more staff needed), but they also loose business. People and companies like to split assets and business over multiple banks. If you were creating you own market by playing UBS against CS, then your game is soon over and it is time ro move a part of your assets. If you work for UBS, it might be a good moment to be ambitious, get out of your comfort zone, and apply elsewhere. You and me, we tend to be loyal to the companies that we work for, we trust them (and thus their shareholders) as respected family. However, and employer is not family. Family cannot fire you and take your means to subsidence away. In Krakow, HSBC might be an alternative. I will post later some jobs. If you don't work for UBS, maybe consider every CV from UBS carefully. Behind each CV is a family with needs and fears. https://lnkd.in/de7aknaK
Krzysztof Brania
5mo
Thank you for sharing your view Philippe. It is a rare trait to combine business approach with empathy - I wish more Leaders think this way.
Aseem Gupta
5mo
Very thoughtful and well put Sir.
Such a thoughtful post.
A great way of showing compassion towards someone who might get affected!
Software Engineering Manager
5moThere were no any word about Krakow, how do you know that Krakow affected?