Following The Acquisition By Credit Suisse, UBS Plans To Reduce 3,000 Jobs And $10 Billion In Costs

After acquiring its struggling rival Credit Suisse, UBS announced on Thursday that it will eliminate 3,000 positions in Switzerland alone as part of a more than $10 billion cost-cutting programme. The newly formed bank giant’s intention to eliminate one in every twelve Swiss positions provides a sense of the magnitude of the restructuring as UBS…

In An Effort To Avoid An EU Antitrust Fine, Microsoft Is Unbundling Teams From Office

Microsoft announced on Thursday that it would separate its Teams chat and video app from its Office product and make it simpler for rival products to integrate with its software. However, opponents claimed that Microsoft may need to take more steps to avoid a potential EU antitrust charge. The proposed modifications came a month after…