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 Thursday's layoffs rides in on the tremors from the Bernard Madoff scheme. Swiss fund-of-hedge-fund manager Union Bancaire Privee plans to cut 10% of its workforce this year due to a decline in assets under management. The firm's clients also lost about $700 million with Madoff, and a lot of cash came out of UBP accounts after clients heard about the connection. The firm had 1,372 staffers at the end of December. The cuts will be made through redundancies, early retirements and not filling vacant positions, said Jerome Koechlin, spokesman. Union Bancaire hopes pink slips will be a last resort. Even though financial institutions are still laying off employees, several are also hiring. Check our job opening pick of the day from The Deal's Career Channel: Senior level M&A Banker - Healthcare/Consumer For a roundup of all the announced layoffs to date, check out The Deal's Pink slips on Wall Street Dealwatch or any of the links below. Also, feel free to leave us any layoff or hiring rumors you are hearing. - Sara Behunek follow me on Twitter @sarabehunek See Also: Finance Layoffs: Bank of America and D.E. Shaw Finance Layoffs: Accenture and J.P. Morgan
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