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HSBC to cut 35,000 jobs after missing pre-tax profit expectations

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 […]