The two banks together employed almost 125,000 people at year-end, with about 30% of the total in Switzerland. : Get alerted any time new stories match your search criteria. Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. UBS Group AG will cut its workforce by between 20% and 30% after completing its takeover of Credit Suisse Group AG, slashing as many as 36,000 jobs worldwide, SonntagsZeitung reported, citing an unidentified senior manager at UBS.