The biggest thing that jumped out to me in this article is how UBS is "bucking the trend" by hiring more. Can anyone make heads/tails of what hiring means during layoffs - are they just doing really well as a business or making a different prediction than the rest?
It could be that they're aiming to hire at a discount and do layoffs last once they've replaced their employees with cheaper staff.
Great point hadn’t considered that - right on cue for some other articles on HN today mentioning this as well