-
HSBC plans to cut 35,000 jobs as profit drops 33%
HSBC on Tuesday said it would cut around 35,000 jobs and dramatically overhaul its business after its profit plunged by a third in 2019. The bank plans to reduce its global headcount by roughly 15% to 200,000 over the next three years, a company spokesperson said, although the precise figures have not been finalized. HSBC will also ditch $100 billion in assets, shrink its investment bank and close a third of its US branches as it shifts resources to the Middle East and Asia, where it already makes most of its profits. The changes are expected to cost $7.2 billion by 2022. "This represents one of the deepest ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Feb 18, 2020 2:41pm Feb 18, 2020 2:41pm
- valentasm
- | Joined Feb 2019 | Status: Member | 38 Comments
- Comment #2
- Quote
- Feb 18, 2020 2:46pm Feb 18, 2020 2:46pm
- Banditten
- Joined Sep 2019 | Status: Member | 1473 Comments
- Comment #3
- Quote
- Feb 18, 2020 3:20pm Feb 18, 2020 3:20pm
- g0ds0n
- | Joined Mar 2014 | Status: Member | 160 Comments
- Comment #4
- Quote
- Feb 18, 2020 4:07pm Feb 18, 2020 4:07pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #5
- Quote
- Feb 18, 2020 4:08pm Feb 18, 2020 4:08pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #6
- Quote
- Feb 18, 2020 4:09pm Feb 18, 2020 4:09pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #7
- Quote
- Feb 18, 2020 4:15pm Feb 18, 2020 4:15pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
- Comment #8
- Quote
- Feb 18, 2020 4:45pm Feb 18, 2020 4:45pm
- afevir
- Joined Feb 2019 | Status: Member | 1224 Comments
Confucius: the man who broke the mountain was the same man who started ...
- Comment #9
- Quote
- Feb 18, 2020 6:59pm Feb 18, 2020 6:59pm
- JustBreathe
- | Joined Dec 2019 | Status: Member | 141 Comments
- Comment #10
- Quote
- Feb 19, 2020 7:45am Feb 19, 2020 7:45am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.