Key Takeaways UBS plans new round of job cuts in mid-January 2026, tied to the final phase of CS integration.UBS's merger with CS swelled the workforce to nearly 120,000, and it has already cut about 15,000 roles. UBS aims to complete IT migration by the end of 2026 and achieve up to $13 billion in cost savingsUBS Group AG (UBS) is planning to implement a new round of job cuts starting in mid-January 2026, according to a Yahoo Finance news report citing Bloomberg. The planned job cuts are part of ongoing wo ...

Group 1 - Paramount plans to lay off approximately 1,000 workers, with an additional 1,000 layoffs to follow at a later date [1] - The majority of the layoffs will occur in the U.S., with international divisions also expected to implement cutbacks [1] - These layoffs are part of a broader strategy to achieve $2 billion in cost savings following the $8.4 billion merger with Skydance [2] Group 2 - The layoffs are occurring more than two months after the merger was completed, indicating a delayed response to the need for cost reductions [2] - President Jeff Shell emphasized the intention to minimize the number of layoff rounds, aiming to avoid quarterly layoffs [3] - The previous management had already reduced the workforce by about 15% in the U.S. through three rounds of layoffs in late 2024 [3]