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It's true, Today also in the cab one lady was mentioning 3 perm people from their team lay off, 1 UBS & 2 CS.
Maybe the author is getting a lower package and, feeling frustrated after seeing the new hires’ salaries 😅 and spreading rumors about layoffs.
There are laying off happening very aggressively in every department of UBS and it is irrespective of rating. The situation is very bad right now and people are hell scared.
It’s true . My friend got fired from Mumbai location. Firing before giving hikes . It’s really crazy to save money this way
Main reason is they are targeting head count not the money, as they are also laying off from the EE and AO levels too
Severance pay for how much months ubs pay
Then why there are so many open positions in the portal. Even DI level positions..
They are aggressively hiring , full stack , data engineer , AI engineers , haven’t heard of any layoffs
Both bulk hiring and some firing is there
In which UNIT ?
Decrease in employee count doesn't mean lay offs only, it can be due to resignations as well
It's true .. happening at all levels. 5 known people have been removed and they all are from UBS
Which dep?
Yes this is real
Any news from Pune?
Any layoffs from WMA ?
WMA is hiring a lot, any layoffs there ?
Notice period or severance pay?
Conversation Starter
Severance pay is 4 weeks of salary for each year completed. Also people will get leave encashment and gratuity if applicable
At what level above DI level?
Omg
Didn’t hear anything like this
Mumbai or Pune?
Conversation Starter
All 3 locations