HSBC is reportedly planning to axe 10,000 jobs as it joins the list of banks making thousands of cuts
HSBC is planning to cut 10,000 jobs as it embarks on a major cost-cutting effort, the Financial Times says. The Financial Times broke the story on Sunday, saying that the new interim CEO of the bank, Noel Quinn, is looking to make his mark. "We've known for years that we need to do something about our cost base, the largest component of which is people — now we are finally grasping the nettle," one unnamed person at the bank told the newspaper.
HSBC is planning to cut 10,000 jobs as it embarks on a major cost-cutting effort, the Financial Times says. The Financial Times broke the story on Sunday, saying that the new interim CEO of the bank, Noel Quinn, is looking to make his mark. "We've known for years that we need to do something about our cost base, the largest component of which is people — now we are finally grasping the nettle," one unnamed person at the bank told the newspaper.
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