London-based multinational investment bank HSBC recently said it is resuming plans to cut around 35,000 jobs which it put on hold after the coronavirus outbreak. The company has also said that It will also maintain a freeze on almost all external hiring. The decision was announced by Chief Executive Noel Quinn said in a memo…
London-based multinational investment bank HSBC recently announced that it has put on hold the plan to cut 35,000 jobs. The bank said that the decision to put job cuts on a halt was because it does not want to leave staff unable to find work elsewhere during the ongoing coronavirus pandemic. Earlier in February, HSBC…
HSBC Holdings plc has announced the appointment of Noel Quinn as group chief executive with immediate effect. Earlier in August 2019, Quinn had been appointed as interim chief after the sudden exit of John Flint from CEO’s position. Flint, a 30 year HSBC veteran started at the financial conglomerate in 1989, took over the CEO…
HSBC (The Hongkong and Shanghai Banking Corporation) Holdings Plc recently announced that the bank will witness a major overhaul that would reduce the number of staff to 200,000 from 235,000 over the next three years. The announcement comes after the bank reported that it has missed the pre-tax profit expectations after the bank took a…
HSBC (The Hongkong and Shanghai Banking Corporation) Holdings Plc plans to lay off up to 10,000 staff jobs globally ( as per a Financial Times report.) These job cuts are seen as an outcome of shifts in the global banking sector, falling interest-rates, trade war between China and the United States and uncertainties stemming from…