{"id":1942543,"date":"2023-06-02T07:31:04","date_gmt":"2023-06-02T11:31:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ubs-ceo-warns-of-painful-jobs-decisions-after-credit-suisse-takeover\/"},"modified":"2023-06-02T07:32:33","modified_gmt":"2023-06-02T11:32:33","slug":"ubs-ceo-warns-of-painful-jobs-decisions-after-credit-suisse-takeover","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ubs-ceo-warns-of-painful-jobs-decisions-after-credit-suisse-takeover\/","title":{"rendered":"UBS CEO cautions of tough job choices post Credit Suisse acquisition."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fubs-ceo-warns-of-painful-jobs-decisions-after-credit-suisse-takeover%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1942543&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>UBS CEO Warns of Job Cuts Following Credit Suisse Takeover<\/h2>\n<blockquote>\n<p>&#8220;We won\u2019t be able to create, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/just-in-republican-incumbent-mike-garcia-defeats-democrat-christy-smith-in-ca25-15th-gop-pick-up\/\" title=\"JUST IN: Republican Incumbent Mike Garcia Defeats Democrat Christy Smith in CA25 - 15th GOP Pick-Up\">short term<\/a>, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-president-trump-gives-pardons-to-73-individuals-and-commutes-another-70-sentences-steve-bannon-is-included\/\" title=\"BREAKING: President Trump Gives Pardons to 73 Individuals and Commutes Another 70 Sentences \u2013 Steve Bannon Is Included\">job opportunities<\/a> for everybody. Synergies is part of the story. We need to take a serious look at the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/philips-to-cut-5-percent-of-workforce-as-new-ceo-acts-to-counter-falling-sales\/\" title=\"Philips to Cut 5 Percent of Workforce as New CEO Acts to Counter Falling Sales\">cost base<\/a> of the standalone and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ubs-ceo-warns-of-painful-jobs-decisions-after-credit-suisse-takeover\/\" title=\"UBS CEO cautions of tough job choices post Credit Suisse acquisition.\">combined organisations<\/a> and create a sustainable outcome. It will be painful.&#8221;<\/p>\n<\/blockquote>\n<p>UBS Chief Executive Sergio Ermotti has issued a warning about <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/conservative-consumers-group-pounces-on-woke-corporations-like-nike-and-coca-cola\/\" title=\"Conservative Consumers\u2019 Group Pounces On \u2018Woke\u2019 Corporations Like Nike and Coca-Cola\">job cuts<\/a> following the takeover of Credit Suisse. Switzerland\u2019s no. 1 bank agreed to take over its smaller Swiss rival in March as part of a rescue orchestrated by Swiss authorities. Ermotti hopes the deal can be closed in the next few days, but he has also warned that painful decisions about job cuts will need to be made.<\/p>\n<h3>Republican Leadership Team Addresses Press on Nation&#8217;s Pressing Issues<\/h3>\n<p>The Senate Republican leadership team has spoken to the press about the nation&#8217;s pressing issues. Senator Tommy Tuberville has also spoken out, saying that taxpayers shouldn&#8217;t have to pay for anything to do with an abortion. He believes that the so-called &#8216;Hyde Amendment&#8217;, which Joe Biden supported in the Senate, should have codified this policy.<\/p>\n<h3>Former President Trump Speaks at West-Side Conservative Club Event<\/h3>\n<p>Former President Trump has spoken at the West-Side Conservative Club event in Urbandale, Iowa.<\/p>\n<h3>Uncertainty Surrounds Fate of Debt Ceiling Agreement<\/h3>\n<p>Joe Biden might not be the only one falling as the fate of the Debt Ceiling Agreement remains uncertain.<\/p>\n<h3>Tech News:<\/h3>\n<ul>\n<li>Amazon&#8217;s India and South Asia Head of Cloud Division Warned by Privacy Watchdog<\/li>\n<li>Japan&#8217;s Privacy Watchdog Warns Microsoft-Backed Startup OpenAI<\/li>\n<li>Google Leads $36 Million Funding Round for Satellite-Image Startup Pixxel<\/li>\n<li>Meta Platforms Inc to Test Limits on Social Media Websites Facebook and Instagram<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>UBS CEO Sergio Ermotti cautioned of tough choices on job reductions after acquiring Credit Suisse. Ermotti stated that creating job opportunities for everyone in the short term is not feasible, and synergies are necessary. He made the remarks at a financial conference in Bern, emphasizing the need to make significant decisions.<\/p>\n","protected":false},"author":66,"featured_media":1942544,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[11089,17517,3850,17741,6178,7819,4899,18299,6119,22089],"class_list":["post-1942543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-acquisition","tag-cautions","tag-ceo","tag-choices","tag-credit","tag-job","tag-post","tag-suisse","tag-tough","tag-ubs"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1942543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1942543"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1942543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1942544"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1942543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1942543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1942543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}