“Swiss bank UBS said Tuesday it intends to slash 10,000 jobs as the firm pares back its investment banking arm.
The restructuring will save the bank more than $3.6 billion over three years, according to the firm’s estimates. The loss of 10,000 bankers represents more than 15% of the bank’s workforce, which will fall to a total of 54,000 employees by 2015.”

Source: UBS to cut 10,000 jobs – Oct. 30, 2012