While that's true, UBS also canceled some Filipino contracts. I guess UBS just s... | Hacker News

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		kmarc 71 days ago \| parent \| context \| favorite \| on: IT workers struggling in New Zealand's tight job m... While that's true, UBS also canceled some Filipino contracts. I guess UBS just sucks in general and has to cut costs a lot, these days.

ponector 70 days ago [–]

They had $1.7bn net profit for Q1 2025. It's good for bottom line in short term to outsource to the cheapest location. Also they have tons of internal project which does not need any quality at all. Could get a bunch of students in the cheapest location for such things.

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