HSBC mulls job cuts that could impact around 20,000 roles, Bloomberg News reports

HSBC is considering job cuts affecting about 20,000 roles, approximately 10% of its workforce, according to Bloomberg.

Source: Reuters (via feed)




HSBC Holdings Plc is considering significant job cuts over the coming years. The reductions could impact around 20,000 roles. This accounts for about 10% of HSBC’s total workforce. Bloomberg News reported this information on Wednesday. The report cited people familiar with the matter.

BizTrendWire Insight:

Bloomberg’s report on HSBC’s potential job cuts provides data on workforce reductions that may affect employment levels at a major bank.


Read full story on Reuters

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