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UBS on track to miss target to cut headcount by end of 2026, FT says

UBS (UBS) is set to miss an internal target to cut its headcount by 85,000 by the time it fully integrates Credit Suisse next year, Simon Foy of The Financial Times reports. The company has cut 1,300 roles on average per quarter since 2024, but at its current pace, the company will miss the target set for the end of 2026. As of June, the company had more than 105,000 staff on board.

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