Restructuring: HSBC to cut 35,000 jobs in next 3 years
Banking giant, Hongkong and Shanghai Banking Corporation (HSBC), says it plans to cut some 35,000 jobs worldwide in the next three years as it restructures and increases its focus on Asia. HSBC’s total workforce will fall from 235,000 to about 200,000 as the bank reduces costs and builds “a simpler, more efficient and empowered organization,”
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