VIENNA (Reuters) -Layoffs under Swiss banking giant UBS's cost-cutting programme announced after its takeover of Credit Suisse will take place in five waves this year starting in June, newspaper SonntagsZeitung reported on Sunday. "In total, 50-to-60% of ex-CS (Credit Suisse staff) will probably be laid off over the five rounds," SonntagsZeitung quoted a source it described as an insider as saying. After the first round in June, in which 25-30% of former Credit Suisse staff are expected to be... Read this story