Switzerland’s PostFinance Announces Job Cuts and New CFO Appointment

PostFinance, a key part of Switzerland’s financial ecosystem and a subsidiary of Swiss Post, is navigating a turbulent business / economic environment as it implements significant organizational changes to secure its competitive edge.

In recent announcements, the financial institution revealed plans to reduce its workforce by up to 141 jobs by the end of November 2025 and appointed a new Chief Financial Officer (CFO) to steer its financial strategy.

These moves align with PostFinance’s 2025–2028 strategy, which emphasizes customer-centric services, economic viability, and moderate growth in a challenging market environment.

PostFinance is grappling with a volatile market, investor uncertainty, and a difficult interest rate environment, which have intensified in recent months.

To address these challenges, the company initiated a legally required consultation process in June 2025, signaling a reduction of up to 141 positions, primarily affecting administrative roles in Bern.

Additionally, up to 73 employees may face contractual adjustments.

With a total workforce of approximately 3,900 as of late 2024, this translates to a 3.6% staff reduction, a significant but measured cut aimed at enhancing efficiency.

The restructuring stems from a revised organizational model designed to create synergies and reallocate resources to strategic priorities.

CEO Beat Röthlisberger acknowledged the emotional toll, stating,

“We are aware that this news is stressful for many of our employees and will cause uncertainty and worry. We will offer them close support throughout this phase.”

Employees affected by the changes have the opportunity to propose alternatives during the consultation process, with a final decision expected in July 2025.

PostFinance has committed to implementing extensive redundancy plans in collaboration with social partners if job cuts proceed, underscoring its social responsibility.

The job cuts are part of a broader effort to align PostFinance’s operations with its 2025–2028 strategy, which prioritizes tailoring services to customer needs.

Despite the reductions, the company remains a vital player in Switzerland’s financial sector, serving 2.5 million customers and managing assets worth CHF 102 billion as of 2023.

Its systemic importance, as designated by the Swiss National Bank, underscores the need for prudent restructuring to maintain stability and competitiveness.

In a parallel development, PostFinance announced the appointment of a new CFO, effective September 1, 2025, to replace Kurt Fuchs, who will step down at the end of May 2025.

The new CFO, whose identity was not disclosed in the provided sources, brings extensive experience from major banks, positioning them to guide  PostFinance through its strategic transformation.

The recruitment process, initiated in 2024 following Fuchs’ resignation announcement, is at an advanced stage, ensuring a smooth leadership transition.

Kurt Fuchs, who served as CFO since 2011 and interim CEO from March 2024, announced his early resignation to pursue personal interests and new challenges outside banking.

His departure coincides with the start of PostFinance’s new strategy period, allowing for a fresh leadership team to drive the 2025–2028 vision.

Fuchs’ tenure was marked by steady financial stewardship, and his exit was carefully coordinated with the Board of Directors and incoming CEO Beat Röthlisberger, who assumed the role on July 1, 2024.

PostFinance’s dual announcements reflect a proactive approach to addressing market challenges while reinforcing its commitment to innovation and customer satisfaction.

The 2025–2028 strategy emphasizes two distinct distribution units—private and business customers—alongside a dedicated Customer Experience unit to enhance service quality.

The company’s recent ventures, such as offering cryptocurrency trading and launching the Neobank “Yuh,” demonstrate its adaptability in a digital-first financial landscape.

As PostFinance implements these changes, it remains a trusted institution, with customer satisfaction scores of 81 out of 100, according to the Federal Office of Communications.

While the job cuts signal tough decisions, the appointment of a seasoned CFO and a clear strategic roadmap position PostFinance to navigate uncertainty and deliver value to its stakeholders.



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