UBS Cuts Outsourced Tech Jobs

The investment bank has eliminated thousands of roles and revamped its approach to outsourcing over the last two years.

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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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