The job cuts are part of efforts aimed at reducing the lender’s annual costs by US$4.5 billion. Photo: Reuters
The job cuts are part of efforts aimed at reducing the lender’s annual costs by US$4.5 billion. Photo: Reuters
HSBC

HSBC to resume massive restructuring plan, cut 35,000 jobs

  • HSBC plans to cut as many as 35,000 jobs as part of a massive overhaul first unveiled in February
  • The London-based lender paused jobs cuts in March because of the ‘extraordinary impact’ of the coronavirus pandemic on the global economy

The job cuts are part of efforts aimed at reducing the lender’s annual costs by US$4.5 billion. Photo: Reuters
The job cuts are part of efforts aimed at reducing the lender’s annual costs by US$4.5 billion. Photo: Reuters
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