HSBC employed about 238,000 people worldwide as of June 30. Photo: Sam Tsang HSBC employed about 238,000 people worldwide as of June 30. Photo: Sam Tsang
HSBC employed about 238,000 people worldwide as of June 30. Photo: Sam Tsang

HSBC

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

Topic |   HSBC
HSBC employed about 238,000 people worldwide as of June 30. Photo: Sam Tsang HSBC employed about 238,000 people worldwide as of June 30. Photo: Sam Tsang
HSBC employed about 238,000 people worldwide as of June 30. Photo: Sam Tsang
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