UBS Layoffs Job Cut: may fire 2000 US employees

There were reports in March about and before that in February about UBS Layoffs Job Cut. Now there is another round of news for UBS, the famous investment bank from Switzerland, is reported to be going for layoffs. The news is not good for the employees of the UBS as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat.
How many employees may be fired in the UBS layoffs?
As per the reports, there can be around 2000 job cuts by UBS in USA. Around 2500 jobs will be cut in Switzerland.

What is the total no. of employees of UBS?
The total no. of employees of UBS is around 77,000 as per the last reported information. It has 30,000 people in the United States.

What will be the cost and savings by UBS layoffs?
Around $73 million USD can be saved in the cost and savings by the UBS layoffs.

When will the UBS layoffs happen?
The layoffs are expected to be in July 2009, as per the reports that are available.

Which locations and department of employees will be affected by the UBS layoffs ?
600 financial advisers and 1400 staff responsible for the back-office operations, all in wealth management will be asked to go.
No information is available location wise.

What is the primary reasons for UBS layoffs?
Worsening economic situation, bad results and finances, cost cutting

Any other news about UBS layoffs
As per NYTimes, The company’s recently appointed chief executive, Oswald Grübel, announced on April 15 that U.B.S. would cut 8,700 jobs as part of a new, radical restructuring plan that was aimed at bringing the troubled Swiss bank back to profit.
Let's hope that alternative jobs are available to the affected employees of UBS Layoffs Job Cut