Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced

22-Feb-2020

Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring and simplification programs in the bank’s history,” explained interim CEO […] The post Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced appeared first on Bitcoin News. read more

Kevin Helms