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UBS to hire 3000 in India while cutting jobs in Switzerland
Business
Published on 24 April 2026
Hyderabad expansion will nearly double the local workforce
UBS plans to hire up to 3,000 people in India, including a major new site in Hyderabad expected to add 2,000 to 3,000 roles and double the bank’s local workforce. The shift comes as UBS axes jobs in Switzerland and ramps up its technology and operations footprint, with new investment in areas like AI.
- UBS expects to add up to 3,000 roles in India
- A new Hyderabad site could add 2,000 to 3,000 jobs
- The bank says its Switzerland job cuts are part of the reshuffle
- UBS is expanding technology capabilities including AI
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times