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It is no longer news that mergers and acquisitions tend to have a negative effect on staff. Staff operating in redundant areas in both companies are usually laid off. This is the same bleak fate that the staff of the 167-year-old bank, Credit Suisse, will clearly be facing soon enough because the acquiring company, Swiss rival UBS, who acquired the bank for $3.2 billion, will definitely retrace their steps to align with their [risk](https://leofinance.io/@leoglossary/leoglossary-risk) culture. 
![margin of safety.png](https://files.peakd.com/file/peakd-hive/iskafan/23xyjtWHuQscySPcdyzUSaWYA5mAjK56CcHFPjMteDai5Nr2L1KVETqjeHrRbTjgo54VE.png)
[Source](
https://www.canva.com/design/DAFd1GEL0To/9b-BadDfQxSYlUhH_uDIGw/view?utm_content=DAFd1GEL0To&utm_campaign=designshare&utm_medium=link2&utm_source=sharebutton)
This is a conservative culture that the executive has said will revolve around [wealth](https://leofinance.io/@leoglossary/leoglossary-wealth) management, reduction of risk-weighted [assets](https://leofinance.io/@leoglossary/leoglossary-asset), etc. The staff is quietly encouraged to dust off their CV, even though they are assured the UBS team would know who the high-performers are and who to keep. 

Apart from the fact that a merger and acquisition happen at all times, and most times without warning, it is always a good thing for one to be prepared. Losing a [job](https://leofinance.io/@leoglossary/leoglossary-job) unexpectedly is one of the things that could affect your [finances](https://leofinance.io/@leoglossary/leoglossary-finance) especially if you are not prepared. This is why a six-month buffer or a well-planned emergency fund is something that has been preached for so long. 

I am trying not to imagine one of the Staff at Credit Suisse had recently taken on a large [mortgage](https://leofinance.io/@leoglossary/leoglossary-mortgage) or [auto-loan](https://leofinance.io/@leoglossary/leoglossary-auto-loan) and was biding on using his [paycheck](https://leofinance.io/@leoglossary/paycheck) to offset the minimum [payment](https://leofinance.io/@leoglossary/leoglossary-payment) every month. As it stands, the future looks bleak for such an individual especially if they do not land another job sooner. It is always better to plan for the best while expecting the worst especially we are dealing with a world that is filled with uncertainties. 

When you plan, make sure you plan for the crazy stuff that you may not necessarily think would happen. Life can be so full of surprises and planning for those surprises is the difference between someone who pulls through a difficult financial phase and one who doesn't.

Remember that the best [ROI](https://leofinance.io/@leoglossary/leoglossary-return-on-investment-roi) is being able to do what you want when you want it, and how you want it. And you won't be able to enjoy this ROI to the fullest if you are not making room for errors. They call this [margin of safety](https://leofinance.io/@leoglossary/leoglossary-margin-of-safety-markets).

Not getting wiped out as a result of a job loss will keep you long enough in the game to keep trying to get other ones until luck shines on you. And the way to make sure you are still in the game regardless of a job loss is to create your margin of safety. It will protect you from things you never expected would happen. The fact that you can't completely predict the future should always give you this idea to create an avenue where you can endure long enough until everything falls in your favor.

**References**
[Anger and tears from shocked Credit Suisse staff after historic UBS takeover]( https://www.marketwatch.com/story/anger-and-tears-from-shocked-credit-suisse-staff-after-historic-ubs-takeover-bfe4d31c?mod=retail)

****** 
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Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@iskafan/what-the-pending-job-cut-at-credit-suisse-can-teach-you-about-preparing-for-uncertainties)