tbh, according to another FT article [1], UBS plans to fire up to 1/3 of the combined 120k workforce, and announced previously the cuts will be pretty much all

tbh, according to another FT article [1], UBS plans to fire up to 1/3 of the combined 120k workforce, and announced previously the cuts will be pretty much all CS. So up to 40k employees out of 50k. So these deferred comps wouldn't be worth much to them for very long anyway. [1] https://www.ft.com/content/c22e5235-6947-4781-8fce-d510914cb7c2 https://www.ft.com/content/c22e5235-6947-4781-8fce-d510914cb...