Management cannot revert the sinking ship - Recensione dipendente - Dipendente anonimo presso UBS

- Management has made severe missteps globally and in the US. At the global level it appears that new leadership is attempting to right the ship by making drastic cuts. While painful they are likely necessary due to the issues the firm is facing. - Domestically in the US leadership is nonexistent and the personnel cuts have largely been in the wrong areas. Senior management has attempted to insulate themselves and instead of trimming the fat and shaking up the managerial structure they simply made broad cuts of many talented individuals that actually impacted results. Some likely should have been cut while many others were eliminated because they were relatively well compensated. Management does not understand their significance to the direction of the firm. - - Since this reorganization process began, performance has fallen as opposed to improving and morale could not possibly be any worse. - For those remaining at UBS compensation is unclear and is no where close to the agreed upon ranges. - Management cannot seem to outline a true mission or strategy and execute. The strategy changes constantly even though the prior milestones were never met. - Continuous reorganization and shuffling which increases costs and distracts those that are in a position to impact results with no benefit realized.