HSBC employed about 238,000 people worldwide as of June 30. Photo: Sam Tsang
HSBC to cut 2 per cent of its workforce as lender looks to reduce costs
- Lender is looking to trim its wage costs by 4 per cent in 2019
- HSBC expects severance costs of US$650 million to US$700 million over the course of the year
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HSBC
HSBC employed about 238,000 people worldwide as of June 30. Photo: Sam Tsang