4 years ago
HSBC signals mass job cuts as profits plunge
HSBC has said it will axe around 35,000 jobs as it announced profits for 2019 fell by about a third. That has spurred the bank to target $4.5bn (£3.5bn) of cost cuts by 2022 as part of a major restructuring. The bank's interim chief executive, Noel Quinn, said HSBC would scale back its headcount from 235,000 to about 200,000 over the next three years.
Continue Reading
https://www.bbc.com
Join the Discussion