HSBC to resume job cut programme due to Covid-19
Europe's biggest bank is set to cut about 35,000 jobs as profits fall and economic forecasts point to a challenging time ahead
17 June 2020 - 14:14
London — HSBC is resuming a redundancy plan it put on ice after the coronavirus outbreak, and will cut about 35,000 jobs over the medium term, a memo seen by Reuters on Wednesday showed.
The bank will also maintain a freeze on almost all external recruitment, CEO Noel Quinn said in the memo, which was sent to HSBC’s 235,000 staff worldwide...
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