Source link : https://europ.info/2026/02/13/ubs-to-create-3000-new-jobs-in-india-while-cutting-positions-in-switzerland/
UBS, the Swiss banking giant, has announced plans to create 3,000 new positions in India while simultaneously cutting jobs in its home market of Switzerland, Reuters reports. This strategic move highlights the firm’s ongoing efforts to optimize its global workforce amid shifting economic priorities and increasing demand for technology and digital services in key emerging markets. The expansion in India underscores UBS’s commitment to strengthening its offshore capabilities, even as it scales back operations in Europe.
UBS Shifts Workforce Focus to India Amid Restructuring in Switzerland
In a significant strategic pivot, UBS is intensifying its recruitment efforts in India, aiming to onboard approximately 3,000 new employees over the coming months. This move coincides with its decision to cut a substantial number of jobs in Switzerland as part of a broader corporate restructuring plan. The expansion in India emphasizes UBS’s commitment to leveraging the country’s talent pool in areas such as technology, operations, and customer service to enhance global competitiveness and cost efficiency.
Industry analysts note that the shift is reflective of a wider trend among multinational financial institutions seeking to optimize workforce distribution amid evolving market conditions. Below is a brief overview of the workforce changes:
- New hires in India: 3,000 roles focusing on IT, risk management, and client support
- Job cuts in Switzerland: Several hundred positions…
—-
Author : Ethan Riley
Publish date : 2026-02-13 18:55:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8