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2020-02-20 01:14:14

HSBC firing 35000 employees by 2022?

The rumors on the media have it that HSBC firing 35000 employees in a swift transaction to the digital systems. One of the largest banks across the globe, Hong Kong and Shanghai Banking Corporation, better known as HSBC is planning to let go as many as 35000 employees in the next two years in order to invest in digital systems. In a recent call between the bank executives, the information was revealed in a rather vague manner; however, the call was pretty clear that the bank would be cutting down costs by 35 percent while increasing the profits for the