UBS Cuts Outsourced Tech Jobs
The investment bank has eliminated thousands of roles and revamped its approach to outsourcing over the last two years.
UBS has significantly reduced its dependency on third-party vendors and on outsourced workforces in a bid to grow profits and retain in-house knowledge.
The Swiss bank has cut over 3,000 jobs in its external workforce in the last two years, primarily roles across technology operations.
Speaking at a roundtable on November 21, Sabine Keller-Busse, group chief operating officer and president of EMEA at UBS, said that the bank has reduced its external workforce by 8,000 people and replaced them
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