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

HSBC

Business /  Banking & Finance

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

Topic |   HSBC
Chad Bray
Chad Bray

Updated: 11:32am, 18 Jun, 2020

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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
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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